Liberum acts as Joint Bookrunner on TRIG’s £200m fundraise

We are pleased to announce that Liberum acted as Joint Bookrunner on a placing and retail offer to raise £200m for The Renewables Infrastructure Group (“TRIG”) through the issue of new ordinary shares at 124p. The issue was significantly oversubscribed. Investec acted as Joint Bookrunner alongside Liberum.

Trig

TRIG is a FTSE 250 listed renewable energy infrastructure investment company with a market cap of c.£2.9bn. The company seeks to provide attractive income-based returns through investment exposure to a large, highly diversified portfolio of 80 wind, solar and energy storage infrastructure projects, with an aggregate net generating capacity in excess of 2.2GW.

The net proceeds of the fundraise will be applied  to repay the Company’s £500m Revolving Credit Facility which, following the completion of the acquisition of the four solar sites in Iberia announced on 6 September, is approximately £200m drawn.

Liberum was appointed as Joint Corporate Broker to TRIG in December 2015 and has helped raise £1.7bn since appointment.

Liberum Team

Investment Banking - Chris Clarke, Darren Vickers, Owen Matthews, Nikhil Varghese, Ant Schia

Sales - Andrew Davies, Jack Kershaw, James Shields

Research - Conor Finn, Shonil Chande

Legal – Rebecca Gordon, Alice Foster              

Corporate & Investor Relations – Georgina Wood

Settlements – Mark Proctor, Rob Simpson

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London

Ropemaker Place, Level 12 25 Ropemaker Street London EC2Y 9LY [email protected] +44 (0)20 3100 2000

Leeds

Northspring, 36 Park Row Leeds, LS1 5JL [email protected] +44 (0)113 841 9700

Cambridge

50-60 Station Road Cambridge, CB1 2JH [email protected] +44 (0)113 841 9700
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New York

20th Floor 575 Fifth Avenue New York NY 10017 [email protected] +1 212 596 4800