TradeRisks arranges subscription facility of up to £100m on behalf of Gresham House British Sustainable Infrastructure Fund II

TradeRisks, part of Gresham House plc, has arranged a subscription line facility for Gresham House British Sustainable Infrastructure Fund II (BSIF II). The facility has an accordion feature which allows for the committed amount to be increased to £100m by reference to existing commitments.

TradeRisks conducted extensive market sounding and received several attractive proposals demonstrating the strength of the fund-level finance market. Some lenders also showed an eagerness to bolster their lending in the sustainability sector, with the terms provided referencing sustainability-linked pricing.

Gourav Choudhary, Capital Markets Director at TradeRisks said: “We are encouraged by the competitiveness of the current debt market and demand from lenders for sustainability focused investments, both of which have helped drive favourable terms for the facility.”

Peter Bachmann, Managing Director, Sustainable Infrastructure at Gresham House: “We are pleased to have secured highly competitive terms for the facility and were thoroughly impressed with the depth of offers, the quality of terms and the execution expertise of the TradeRisks team.”

BSIF II launched in Q3 2021 following the success of the flagship BSIF fund. BSIF II will invest in sustainable infrastructure that tackles key environmental and societal challenges, creating the biggest impact and financial reward. The fund is targeting total commitments of £500m, with further closes targeted in 2022.

TradeRisks is a financial advisory firm and a specialist in arranging equity and debt financing for infrastructure and energy projects across Europe and the US. TradeRisks was acquired by Gresham House in March 2020. TradeRisks has arranged or negotiated over £20bn of funding over the past 20-years and ranks as one of the leading independent arrangers for Project Bonds in Europe according to Inframation League Tables over the last five years.

ends

For more information:                                   

Barney Harris, Associate - Debt Advisory
b.harris@greshamhouse.com

Gourav Choudhary, Director, Capital Markets
g.choudhary@greshamhouse.com

Antoine Pesenti, Head of Capital Markets
a.pesenti@greshamhouse.com