HICL Infrastructure PLC (LSE:HICL) will look for acquisitions. The Board of HICL announced that the Company has successfully activated a £330m accordion within its revolving credit facility ("RCF"), thereby increasing the Company's overall short-term credit facilities to £730 million. The £330 million accordion is a one-year facility expiring on 28 July 2023.

HICL's increased overall funding capacity will be used to support the immediate pipeline of acquisition opportunities. Mike Bane, Chair said, "HICL has a strong and highly attractive pipeline of high-quality core infrastructure opportunities sourced by InfraRed, our Investment Manager. This accordion provides important additional liquidity for the Company to progress its acquisition strategy".