SDCL Energy Efficiency Income Trust has exceeded its 拢100m (鈧�114m) fundraising target by 60%.
The London-listed investment firm, which announced a share placing last week, said it decided to increase the size of the placing to 拢160m after receiving a 鈥渟trong level of support from investors.鈥�
Tony Roper, Chairman of SDCL Energy Efficiency Income Trust, said: 鈥淲e are grateful for the strong support we have once again received from both new and existing investors in this over-subscribed placing.鈥�
Roper said the company has a strong pipeline of both organic investments and new acquisition opportunities, which in total exceeds 拢200m.
He said the company also intends to repay the existing debt facilities of 拢65m, adding that debt facilities can be drawn in the future to make new investments.
He added: 鈥淲e continue to focus on ensuring that we create value and deliver stable returns for our shareholders through the expansion, improvement and diversification of our portfolio.鈥�
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