Bristol-based law firm Burges Salmon has advised GCP Infrastructure Investments on a new £150m revolving credit facility.
The new three year agreement with Lloyds Bank, Mizuho Bank, Allied Irish Bank and Clydesdale Bank will support GCP Infrastructure Investments with its strategic objectives.
It will introduce additional flexibility in utilizations and payments 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. It has supported the company on investments into pioneering Net Zero projects including solar-powered EV charging infrastructure SolarCatcher and ultra-low emissions taxis.
Christopher Herford said: “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, added “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.”