TRIG has secured a £200 million private placement of fixed‑rate loan notes with high‑quality institutional lenders. The placement, which was upsized from an initial target of £150 million due to strong investor demand, comprises Sterling and Euro tranches and carries a weighted average fixed interest rate of 5.23% with a 12‑year maturity profile, aligned to the Company’s fixed revenue forecasts.
Proceeds from the private placement will be used to reduce drawings under TRIG’s revolving credit facility to approximately £200 million, enhancing capital allocation headroom and extending the Company’s debt maturity profile through long‑dated, amortising financing. The transaction further diversifies TRIG’s sources of capital and supports the Company’s long‑term growth strategy, reflecting confidence in the quality of its portfolio and financial position.
Minesh Shah, Managing Director, said: “We are delighted with the strong investor demand for TRIG’s first private placement, which further diversifies our sources of capital. The depth of interest from highly experienced lenders, which is reflected in the upsizing of the issuance to £200m and the attractive interest rate achieved, demonstrates the confidence in TRIG’s financial position, underlying portfolio quality and strategic direction. We are pleased to achieve this milestone, which enhances our capital allocation headroom and long-term growth prospects.”
