Gowling WLG advises GCP Infrastructure Investments Limited on £165m RCF

International law firm Gowling WLG has advised GCP Infrastructure Investments Limited ("GCP") on its new secured £165m Revolving Credit Facility ("RCF").

The new RCF has been agreed with a club of three lenders, Royal Bank of Scotland International, Lloyds and Allied Irish Bank. The RCF has a three-year term and has been documented using a SONIA-based reference rate as the market continues to move away from LIBOR for floating-rate debt products expiring beyond December 2021.

The Gowling WLG team was led by Partner Nath Curtis and Principal Associate Angela Rawlins.

Nath Curtis, Client Relationship Partner for GCP Infrastructure said: "we are pleased to have helped GCP refresh its RCF arrangements and to transition that borrowing from LIBOR to SONIA. It's testament to the versatility and strength of our Banking & Finance team that we can offer our infrastructure debt fund clients full coverage across their business, from downstream investments in innovative technologies to significant capital raising at Holdco level."

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