Pantheon Infrastructure raises revolving credit to $146m

The management board of Pantheon Infrastructure (PINT), based in the United Kingdom, has authorized a $66.56 million increase to the company's revolving credit facility (RCF). This increase will bring the total to $145,8 million, allowing PINT's investment platforms to offer additional liquidity for infrastructure assets. The loan facility is currently undrawn. RCFs are a form of credit that allows you to withdraw funds, use them to fund your business, repay them, and then withdraw them again if necessary. Pantheon is constructing a portfolio of infrastructure co-investments, such as data centers, fiber networks, towers, electricity and utilities, logistics and transportation, and clean energy sources.

The company has invested in DigitalBridge, National Broadband Ireland, Vantage Data Centers—for which it granted $35 million in July 2022—Delta Fiber, CyrusOne, and VerticalBridge in the field of digital infrastructure. In total, the corporation manages more than $70 billion in assets. Pantheon Infrastructure acquired the majority of GD Towers from Deutsche Telekom earlier this year after investing $53 million in the tower business. 

In conjunction with the expansion of the RCF, PINT has expanded its lender base to include the Royal Bank of Scotland International in addition to its existing lender, Lloyds Bank Corporate Markets plc. As part of the agreement, PINT can increase the RCF to $234.5 million through an "uncommitted accordion feature." The terms of the Loan Facility, according to the company, are largely unchanged, with PINT continuing to pay an initial margin of 2.84 percent annually over the currency benchmark rate before reducing it to 2.65 percent once expansion thresholds are reached. The Loan Facility's termination date is December 19, 2025.