Pantheon Infrastructure PLC the listed global infrastructure fund, announced that the Company has entered into an amendment agreement (the "Amendment") to reset the term of its £115 million multicurrency revolving credit facility to 36 months. The Loan Facility will now mature in February 2029. In addition to the term extension, the Amendment also includes a reduction in the drawn margin payable on the Loan Facility.
The margin, previously 2.85%, has been reduced to 2.65% per annum over the relevant currency benchmark rate or compounded reference rate, payable on drawn amounts. The Amendment provides the Company with longer term certainty over its liquidity position at more favourable pricing. The Loan Facility, which is currently fully undrawn, is expected to be utilised to support further investment in high-quality infrastructure assets from PINT's investment pipeline, ahead of receipt of proceeds relating to previously disclosed disposals.
