StockMarketWire.com - 3i Infrastructure said it had completed its equity placing that it announced last week, raising about £223m gross.

A total of 81m shares were issued at a price of 275p a share, raising gross proceeds of approximately £222.8m. The shares issued represented approximately 9.9% of 3iN's total shares outstanding.

The issue was substantially oversubscribed and the issue price represented a discount of approximately 7.6% to 3iN's share price immediately prior to the announcement of the placing,' the company said.

The proceeds would be used to repay drawings under the company's revolving credit facility providing liquidity to fund the company's pipeline of potential investments, the company added.




At 9:03am: (LON:3IN) 3i Infrastructure Ltd share price was -0.25p at 279.25p



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