REG - Pantheon Infrastrct. - Revolving Credit Facility

Pantheon InfrastructureAnnouncement

19/03/2024 07:00

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RNS Number : 3110H  Pantheon Infrastructure PLC  19 March 2024

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PANTHEON INFRASTRUCTURE PLC

 

Revolving Credit Facility

19 March 2024

The Board of Pantheon Infrastructure PLC ("PINT", or the "Company"), the
listed global infrastructure fund, is pleased to announce that the Company has
extended the term of its £115 million multicurrency revolving credit facility
("the Loan Facility"). The Loan Facility will now mature in March 2027, which
represents an extension of 15 months on the current facility.

The Loan Facility terms have remained broadly unchanged and the Company has
been able to maintain pricing at existing levels, with a margin of 2.85% per
annum over the relevant currency benchmark rate or compounded reference rate,
payable on drawn amounts. This reduces to 2.65% per annum once certain
expansion thresholds have been met.

The Loan Facility extension provides the Company with longer term certainty
over its liquidity position and, in time, is expected to support further
investment in high-quality infrastructure assets from PINT's investment
pipeline.

Richard Sem, Partner at Pantheon, PINT's investment manager, commented:

"The lenders' continued support is further proof of the strong performance and
high quality of PINT's portfolio. Extending the loan facility provides ongoing
support for liquidity planning and additional investment capacity that, over
time, will enable PINT to continue to execute on its high-quality pipeline of
global infrastructure opportunities."

 

 Legal Entity Identifier (LEI)  213800CKJXQX64XMRK69

For further information, contact:

                                                  +44 (0) 20 3356 1800

 Pantheon Ventures (UK) LLP                       pint@pantheon.com (mailto:pint@pantheon.com)

 Investment Manager

 Richard Sem, Partner

 Ben Perkins, Principal

 Investec Bank plc                                +44 (0) 20 7597 4000

 Sole Sponsor, Financial Adviser and Bookrunner

 Tom Skinner

 Lucy Lewis

 Lansons
 Public relations advisors                        pint@lansons.com (mailto:pint@lansons.com)

 Lucy Horne                                       +44 (0)7921 468 515

 Millie Steyn                                     +44 (0)7593 527 234

 

Notes to editors

Pantheon Infrastructure PLC (PINT)

Pantheon Infrastructure PLC is a closed-ended investment company and an
approved UK Investment Trust, listed on the Premium Segment of the London
Stock Exchange's Main Market. Its Ordinary Shares trade under the ticker
'PINT'. The independent Board of Directors of PINT have appointed Pantheon,
one of the leading private markets investment managers globally, as investment
manager. PINT aims to provide exposure to a global, diversified portfolio of
high-quality infrastructure assets through building a portfolio of direct
co-investments in infrastructure assets with strong defensive characteristics,
typically benefitting from contracted cash flows, inflation protection and
conservative leverage profiles. Further details can be found at
www.pantheoninfrastructure.com (http://www.pantheoninfrastructure.com) .

Pantheon

Pantheon has been at the forefront of private markets investing for more than
40 years, earning a reputation for providing innovative solutions covering the
full lifecycle of investments, from primary fund commitments to co-investments
and secondary purchases, across private equity, real assets and private
credit. The firm has partnered with more than 1,000 clients, including
institutional investors of all sizes as well as a growing number of private
wealth advisers and investors, with approximately $62bn in discretionary
assets under management (as of June 30, 2023).

Leveraging specialized experience and a global team of professionals across
Europe, the Americas and Asia, Pantheon invests with purpose and leads with
expertise to build secure financial futures. Further details can be found at
www.pantheon.com (http://www.pantheon.com) .

 

 

 

 

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