Liberum acts as Joint Bookrunner on TRIG’s £120m fundraising
We are pleased to announce that Liberum acted as Joint Bookrunner on a tap issue to raise £120m for The Renewables Infrastructure Group (“TRIG”) through the issue of 100m shares at 120p. Investec acted as Joint Bookrunner alongside Liberum.
TRIG is a FTSE 250 listed, leading renewable energy infrastructure investment company with a market cap of c.£2.2bn. The company seeks to provide attractive income-based returns through investment exposure to a large, highly diversified portfolio of over 70 wind, solar and energy storage infrastructure projects, with an aggregate net generating capacity in excess of 1.5GW.
The net proceeds of the tap issue will be applied in repaying amounts drawn under TRIG’s revolving acquisition facility and to fund its pipeline of investment opportunities.
Liberum was appointed as Joint Corporate Broker to TRIG in December 2015 and has helped raise over £1bn since appointment.
Corporate & Investor Relations