UK utility Anglian Water secures £ 120million Macquarie debt financing | News
Macquarie Asset Management has invested 120 million pounds sterling (140 million euros) in the British water company Anglian Water.
Macquarie said the debt investment in the Anglian Water holding company will help refinance existing debt and provide additional flexibility for the company as it “seeks to strengthen its position as one of the utilities. best-performing water and water recycling systems in the UK â.
Anglian Water provides regulated water and water recycling services to nearly seven million people in the east of England and Hartlepool.
Gareth Edwards, Senior Vice President of Macquarie Asset Management, said, âWe have worked closely with the Anglian Water management team to understand and help meet their long-term Holdco funding needs.
âAnglian Water is among the top performing companies in the industry and we are delighted to have completed this transaction with them. For our institutional clients, this represents a stable and long-term investment opportunity with a high quality borrower.
Jane Pilcher, Group Treasurer at Anglian Water, said: âThis new funding agreement will help our investment in resilient infrastructure to support our rapidly growing customer base and to protect and improve the environment.
âWe would like to thank Macquarie for his commitment and support to our business through this long-term partnership. “
To read the digital edition of the latest IPE Real Assets magazine, click here.