PANTHEON INFRASTRUCTURE PLC

Capital/Financing Update • Mar 19, 2024

National Storage Mechanism | Additional information

RNS Number : 3110H

Pantheon Infrastructure PLC

19 March 2024

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PANTHEON INFRASTRUCTURE PLC

Revolving Credit Facility

19 March 2024

The Board of Pantheon Infrastructure PLC ("PINT", or the "Company"), the listed global infrastructure fund, is pleased to announce that the Company has extended the term of its £115 million multicurrency revolving credit facility ("the Loan Facility"). The Loan Facility will now mature in March 2027, which represents an extension of 15 months on the current facility.

The Loan Facility terms have remained broadly unchanged and the Company has been able to maintain pricing at existing levels, with a margin of 2.85% per annum over the relevant currency benchmark rate or compounded reference rate, payable on drawn amounts. This reduces to 2.65% per annum once certain expansion thresholds have been met.

The Loan Facility extension provides the Company with longer term certainty over its liquidity position and, in time, is expected to support further investment in high-quality infrastructure assets from PINT's investment pipeline.  

Richard Sem, Partner at Pantheon, PINT's investment manager, commented:

"The lenders' continued support is further proof of the strong performance and high quality of PINT's portfolio. Extending the loan facility provides ongoing support for liquidity planning and additional investment capacity that, over time, will enable PINT to continue to execute on its high-quality pipeline of global infrastructure opportunities."

Legal Entity Identifier (LEI)	213800CKJXQX64XMRK69

For further information, contact: 

Pantheon Ventures (UK) LLP Investment Manager Richard Sem, Partner Ben Perkins, Principal	+44 (0) 20 3356 1800 pint@pantheon.com
Investec Bank plc Sole Sponsor, Financial Adviser and Bookrunner Tom Skinner Lucy Lewis Lansons	+44 (0) 20 7597 4000
Public relations advisors Lucy Horne Millie Steyn	pint@lansons.com +44 (0)7921 468 515 +44 (0)7593 527 234

Notes to editors

Pantheon Infrastructure PLC (PINT)

Pantheon Infrastructure PLC is a closed-ended investment company and an approved UK Investment Trust, listed on the Premium Segment of the London Stock Exchange's Main Market. Its Ordinary Shares trade under the ticker 'PINT'. The independent Board of Directors of PINT have appointed Pantheon, one of the leading private markets investment managers globally, as investment manager. PINT aims to provide exposure to a global, diversified portfolio of high-quality infrastructure assets through building a portfolio of direct co-investments in infrastructure assets with strong defensive characteristics, typically benefitting from contracted cash flows, inflation protection and conservative leverage profiles. Further details can be found at www.pantheoninfrastructure.com .

Pantheon

Pantheon has been at the forefront of private markets investing for more than 40 years, earning a reputation for providing innovative solutions covering the full lifecycle of investments, from primary fund commitments to co-investments and secondary purchases, across private equity, real assets and private credit. The firm has partnered with more than 1,000 clients, including institutional investors of all sizes as well as a growing number of private wealth advisers and investors, with approximately $62bn in discretionary assets under management (as of June 30, 2023).

Leveraging specialized experience and a global team of professionals across Europe, the Americas and Asia, Pantheon invests with purpose and leads with expertise to build secure financial futures. Further details can be found at www.pantheon.com .

ENDS

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