JLEN Raising $70 Million to Buy Clean-Power Plants, Repay Debt

(Bloomberg) — John Laing Environmental Assets Group Ltd.,
a U.K. infrastructure investor, plans to raise 45 million pounds
($70 million) with an issue of new shares to repay debt and buy
low-carbon power projects.

“The company is now well placed for the next phase of
growth that this equity raising will allow us to achieve,”
Chairman Richard Morse said in an e-mailed statement Wednesday.

The company has paid dividends of 6 pence a share, as
planned at the time of its initial public offering, he said.

Its portfolio includes onshore wind, solar, water and waste
management facilities in the U.K. JLEN bought three solar plants
for 42.5 million pounds in April after borrowing 50 million
pounds from HSBC Holdings Plc and NIBC Bank NV last year.

To contact the reporter on this story:
Louise Downing in London at

To contact the editors responsible for this story:
Reed Landberg at
Tony Barrett, Dylan Griffiths

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