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Prices & Quotes - UK Markets - Sequoia Economic Infrastructure Income Fund Limited (SEQI)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
104.00p
Change Today:
0.000p
Market Cap:
1,722.61m
Sector:
Equity Investment Instruments

Sequoia Economic Infrastructure widens revolving credit facility by ?80m

By Josh White

Date: Wednesday 18 Dec 2019

LONDON (ShareCast) - (Sharecast News) - Sequoia Economic Infrastructure Income Fund said on Wednesday that, in light of its increased scale, its deployment level and its pipeline of opportunities, it has increased the size of its multi-currency revolving credit facility.
The FTSE 250 firm said that to achieve that, it entered into a third amendment and restatement agreement to the facility, providing an additional 80m of capacity and resulting in a total capacity of 280m under the revolving credit facility.

It said the lending group and other key terms of the facility remained unchanged.

The tenor of the revolving credit facility was due to expire on 6 December 2021, with borrowing costs at 210 basis points over LIBOR.

"The RCF imposes an interest cover test and a loan to value test on the company and is secured by, inter alia, a charge over the bank accounts of the company, a charge over the shares in Sequoia IDF Asset Holdings held by the company, and a charge on the assets of the subsidiary," the board said in its statement.

"In accordance with the company's investment policy, any borrowings undertaken by the company will not exceed 20% of the value of the assets of the company less its liabilities."

At 0824 GMT, shares in Sequoia Economic Infrastructure Income Fund were up 0.09% at 115.3p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

SEQI Market Data

Currency UK Pounds
Price 104.00p
Change Today 0.000p
52 Week High 118.26p
52 Week Low 76.20p
Volume 867,928
Shares Issued 1,656.35m
Market Cap 1,722.61m

Performance Indicators

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What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SEQI Dividends

  Latest Previous
  1st Interim 4th Interim
Ex-Div 23-Jul-20 23-Apr-20
Paid 28-Aug-20 22-May-20
Amount 1.56p 1.56p

Trades for 25-Sep-2020

Time Volume / Share Price
16:35 132,200 @ 104.00p
16:20 2,500 @ 104.12p
16:04 614 @ 104.12p
16:03 913 @ 104.20p
16:03 247 @ 104.00p

SEQI Key Personnel

Chair Robert Jennings