SEQI refills revolver with equity sale

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By Michael Turner
14 May 2018

Infrastructure investor Sequoia Economic Infrastructure Fund (SEQI) has used an equity placing to repay the bulk of a drawn down revolving credit facility, maintaining a capital plan the company flagged at the end of last year.

UK fund SEQI has repaid £70.7m of its £100m multi-currency revolving credit facility using the proceeds from a £73m equity placing at the end of April. The company still has around £5m drawn down from the revolver.

The company raised the three year debt from Royal Bank ...

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