Pantheon Infrastructure extends multicurrency revolver by 15 months

By Marisa Wong

Los Angeles, March 19 – Pantheon Infrastructure plc has extended the term of its £115 million multicurrency revolving credit facility, according to a press release.

The facility will now mature in March 2027, which represents an extension of 15 months on the current facility.

The facility terms have remained broadly unchanged, and the company has been able to maintain pricing at existing levels, with a margin of 285 basis points over the relevant currency benchmark rate or compounded reference rate, payable on drawn amounts. This reduces to 265 bps per annum once certain expansion thresholds have been met.

The company said the extension provides it with longer term certainty over its liquidity position and, in time, is expected to support further investment in high-quality infrastructure assets from its investment pipeline.

Pantheon Infrastructure is a U.K.-based closed-end investment company.

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