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Macquarie Asset Management has finalised a £120 million debt investment in the holding company Anglian Water on behalf of its institutional clients.
The purchase of nine-year notes with a fixed rate coupon will enable Anglian to refinance its existing debt and give the company more financial flexibility.
Gareth Edwards, senior vice president at Macquarie Asset Management, said: “We have worked closely with the management team at Anglian Water to understand and help meet their long-term Holdco financing needs.
“Anglian Water is amongst the top performers in the sector, and we are delighted to have completed this transaction with them. For our institutional clients this represents a stable, long-term investment opportunity with a high-quality borrower.”
Jane Pilcher, group treasurer at Anglian Water, said: “This new financing agreement will contribute to our investment in resilient infrastructure to support our rapidly growing customer base and to safeguard and enhance the environment. We would like to thank Macquarie for its engagement and support of our business through this long-term partnership.”
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