GCP Infrastructure Investments Ltd (LON:GCP) has announced that a borrower to which it has extended a loan secured against a portfolio of operational renewable energy projects in the UK has repaid in full the c. £31.5 million outstanding under the loan. The original maturity of the loan was June 2035, but repayment was brought forward by agreement with the company following a change of control. This is materially in line with the valuation of such investment incorporated into the company’s net asset value as at 30 June 2026. The loan was one of the company’s lower returning investments, relative to the company’s average annualised portfolio interest rate of 8.0% as at 30 June 2026. Cash proceeds of the repayment will be used in line with the company’s published capital allocation policy.
The company also confirms that, in line with the announcement on 20 July 2026, the supported social housing disposal is still expected to complete in the coming months, and that the company’s revolving credit facility (RCF) remains fully undrawn.
Capital allocation
Any excess cash balance will continue to be applied in accordance with the framework that the company has set out for use of cash. At the prevailing discount at which the company’s ordinary shares trade to the company’s net asset value per ordinary share, such excess cash balance will be used to continue the company’s share buyback programme.
