REG - Foresight Envr - Revolving Credit Facility downsized to £150m

Foresight Environmental InfrastructureAnnouncement

25/04/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250425:nRSY1135Ga&default-theme=true

RNS Number : 1135G  Foresight Environmental Infrastruct  25 April 2025

25 April 2025

FORESIGHT ENVIRONMENTAL INFRASTRUCTURE LIMITED

("FGEN" or the "Company")

 

Revolving Credit Facility downsized to £150 million

 

FGEN, a leading listed investment company with a diversified portfolio of
environmental infrastructure assets across the UK and mainland Europe,
announces that it has reduced the size of its Revolving Credit Facility
("RCF") from £200 million to £150 million.

The downsizing of the RCF will result in an annual cost saving of £367,500.
The reduced RCF, currently drawn at £100.5 million, continues to provide
ample headroom to cover outstanding portfolio commitments, including the
remaining payments for the Company's well progressed construction stage
investments.

The Company maintains a strong balance sheet, with a sector-leading gearing
ratio of 28.8% at 31 December 2024.

All other terms of the RCF as announced on 13 June 2024
(https://tools.euroland.com/tools/PressReleases/GetPressRelease/?ID=4726114&lang=en-GB&companycode=services)
remain unchanged.

 

For further information and enquiries, please contact:

 

 Foresight Group                                      +44(0)20 3667 8100
 Chris Tanner
fgenir@foresightgroup.eu

Edward Mountney

Charlie Wright
 Winterflood Securities Limited                       +44(0)20 3100 0000
 Neil Langford

 SEC Newgate                                          +44 (0)20 3757 6882
 Clotilde Gros
fgen@secnewgate.co.uk

Alice Cho

Harry Handyside
 Apex Fund and Corporate Services (Guernsey) Limited  +44 (0)20 3530 3600
 Matt Lihou
fgen@apexgroup.com

 

 

About FGEN

FGEN's investment policy is to invest in a diversified portfolio of
Environmental Infrastructure. Environmental Infrastructure is defined by the
Company as infrastructure assets, projects and asset-backed businesses that
utilise natural or waste resources or support more environmentally friendly
approaches to economic activity, support the transition to a low carbon
economy or which mitigate the effects of climate change. Such investments will
typically feature one or more of the following characteristics:

· long-term, predictable cash flows, which may be wholly or partially
inflation-linked cash flows;

· long-term contracts or stable and well-proven regulatory and legal
frameworks; or

· well-established technologies, and demonstrable operational performance.

FGEN's aim is to provide investors with a sustainable, progressive dividend
per share, paid quarterly and to preserve the capital value of the portfolio
over the long term on a real basis. The target dividend for the year to 31
March 2025 is 7.80 pence per share¹.

FGEN is an Article 9 fund under the EU Sustainable Finance Disclosure
Regulation and has a transparent and award winning approach to ESG.

Further details can be found on FGEN's website www.fgen.com and LinkedIn page.

 

LEI: 213800JWJN54TFBMBI68

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCPPUQWCUPAGAC