You are here

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:
Down 105.60p
Change Today:
-0.60p
Market Cap:
1,861.86m
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 105.60p
Change Today -0.60p
52 Week High 113.20p
52 Week Low 76.20p
Volume 894,019
Shares Issued 1,763.12m
Market Cap 1,861.86m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
Not Available
Price Trend
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Income
Not Available
Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
Price Chg 6m
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
P/E
Not Available
PEG
Not Available
Dividend Yield
Not Available
EPS Growth
Not Available
Operating Margin
Not Available

SEQI Dividends

  Latest Previous
  3rd Interim 2nd Interim
Ex-Div 28-Jan-21 22-Oct-20
Paid 05-Mar-21 27-Nov-20
Amount 1.56p 1.56p

Trades for 05-Mar-2021

Time Volume / Share Price
12:54 2,800 @ 105.90p
12:49 1,144 @ 105.60p
12:49 275 @ 105.80p
12:49 332 @ 105.80p
12:49 1,453 @ 105.80p

SEQI Key Personnel

Chair Robert Jennings