UK-based 3i Infrastructure has signed a three-year credit facility of £200 million (€236 million; $320 million).
Cressida Hogg, managing partner, infrastructure
The multi-currency credit agreement has been arranged with a syndicate of five banks including Lloyds, Royal Bank of Scotland (RBS), National Australia Bank, Citigroup Global Markets and the London branch of French bank Societe Generale, 3i said in a statement.
Last week, 3i Infrastructure reported that in the six months to September 30 the company’s portfolio has generated income of £30.5 million – more than double what it had generated in the previous comparable period.
The company also reported a steady increase in its net asset value (NAV) with a total return of £31.1 million and a return on shareholders’ equity of 3.4 percent.
Recently the company, through its India infrastructure fund, has invested a total of $182 million for a 16 percent stake in GVK Energy, an Indian power firm.