RM Capital, a specialist alternative advisor and asset management business, has advised Gilkes Hydro Investments (GHI), a leading UK hydro asset owner on its 19 year, GBP43.8 million secured loan.
Provided by Aberdeen Standard Investments’ Infrastructure Debt team, the loan will support the refinancing of six operational hydro power assets located in Scotland. The investment includes both an index-linked and conventional tranche. RM Capital, the specialist alternative advisor and asset management business advised GHI on the transaction.
James Satterthwaite, Head of Distribution, RM Capital, says: “We are delighted to have advised-on, structured and placed the Loan Notes and supported GHI in this complex renewable energy financing. The funding provided by Aberdeen Standard Investments provides a flexible, well-structured financial solution to our client, and demonstrates the expertise RM Capital have within the alternatives sector.”
Henry Chaplin, Director, Gilkes Hydro Investments, says: “GHI are a leading owner / operator of UK renewable energy assets, and the funding provided by Aberdeen Standard Investments will unlock additional opportunities for GHI to acquire further high quality renewable energy assets. We are delighted with the financing solution structured by RM Capital.”
Jeremy Allcock, Head of Infrastructure Debt, Aberdeen Standard Investments, says: “This transaction was an effective partnership approach – ensuring that the deal was structured to meet the needs of both GHI and the investors. UK Hydro power is a focus area for our investment team, and offers a long-term reliable income stream to match insurance or pension fund liabilities.”
