NOT
FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY,
IN OR TO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, THE
REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY MEMBER STATE OF THE EEA OR
ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR
RELEASE OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL.
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:
Pantheon Ventures (UK) LLP
Investment Manager
Richard Sem, Partner
Ben Perkins, Principal
|
+44 (0) 20 3356 1800
pint@pantheon.com
|
Investec Bank plc
Sole Sponsor, Financial Adviser and
Bookrunner
Tom Skinner
Lucy Lewis
Lansons
|
+44 (0) 20 7597 4000
|
Public relations advisors
Lucy Horne
Millie Steyn
|
pint@lansons.com
+44 (0)7921 468 515
+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.
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.

ENDS