22 February 2024

Independent UK law firm Burges Salmon has advised GCP Infrastructure Investments Limited on a new £150 million revolving credit facility. The new three year agreement with Lloyds Bank, Mizuho Bank, Allied Irish Bank and Clydesdale Bankwill support GCP Infrastructure Investments Limited with its strategic objectives by introducing additional flexibility in utilisations and repayments to allow the company to enhance its working capital management.

Burges Salmon’s Banking and Finance team advised on the transaction, led by partner Victoria Allsopp and senior associate Christopher Herford. The firm has a longstanding relationship with Gravis, having supported the company on investments into pioneering Net Zero projects including solar-powered EV charging infrastructure SolarCatcher and ultra-low emissions taxis.

Chris comments: “It has been a pleasure to support Gravis on its revolving credit facility which will support the company as it continues to invest in sustainable and clean infrastructure across the country.”

Max Gilbert at Gravis, adds: “Burges Salmon’s entrenched knowledge of the infrastructure sector and excellent legal and technical know-how is what makes the firm a trusted advisor and we’re grateful for their support and guidance on this latest transaction.”

Burges Salmon’s Banking and Finance team handles complex financing transactions for clients on both a UK and cross-jurisdictional basis, acting for some of the world’s largest banks building societies and over 50 financial institutions, alongside numerous PLCs and large corporate clients globally.

Key contact

Christopher Herford

Christopher Herford Senior Associate

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