ICAM Duxton Port Infrastructure Trust - Redeemable Preference Units

ICAM Duxton Port Infrastructure Trust

Issue of Redeemable Preference Units, $25 million issue

The ICAM Duxton Port Infrastructure Trust is an innovative shallow-water port infrastructure vehicle. The investment includes the specialist bulk commodity exporting facility and incorporates a transhipment vessel, a transhipping terminal, on port and upcountry grain storage and handling facilities at Lucky Bay on the Eyre Peninsula in South Australia.

Investment highlights

  • Second ranking subordinated secured obligations of the Trust
  • Maturity date 30 months following the first close date, subject to earlier redemption by the Trustee
  • Security is a second ranking mortgage over freehold land and fixtures at the Lucky Bay Port and second ranking mortgage over land at the Lock bunker site

This investment is fully subscribed