Macquarie Asset Management has finalized a £120 million ($161 million) debt investment in the holding company of the U.K.’s Anglian Water.
Anglian Water provides regulated water and water recycling services to nearly 7 million people across the east of England and Hartlepool. Its network of pipes, pumping stations and treatment facilities covers a geographic area of 27,000 square kilometers (104,24 square miles).
Macquarie Asset Management’s subordinated debt investment, which was made as part of its sub-investment-grade debt strategy, involves the purchase of nine-year notes with a fixed-rate coupon.
The investment enabled Anglian Water to refinance existing debt and will provide additional flexibility to the company as it seeks to build on its position as one of the U.K.’s top-performing water and water recycling utilities.
“This new financing agreement will contribute to our investment in resilient infrastructure to support our rapidly growing
