SEQI increases revolver, eyes equity sale

infrastructure 230-150x
By Mike Turner
14 May 2019

UK fund Sequoia Economic Infrastructure Fund (SEQI) has bumped up its revolving credit facility to £200m, with the infrastructure debt financier considering an equity issue as it builds up a war chest for planned investments.

The infrastructure investor activated an accordion facility to increase its existing revolver by £50m and stretched the maturity out by a year to December 2021. ING, Investec and Royal Bank of Scotland are providing the financing. 

Other terms on the loan remain the same, including its Libor ...

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