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Anglian Water Group receives additional funding

01 April 2009

Osprey Holdco Ltd (a wholly owned subsidiary of the ultimate holding company), has provided £115 million additional funding to the Anglian Water Group.

The funds are being provided to maintain and improve headroom in near-term debt covenants following the rapid fall in, and unpredictable outlook for, RPI.

£90 million will go to Anglian Water Services and £25 million to the Anglian Water Group.

The loan to Anglian Water Services is subordinated to Class A and Class B debt with payment of interest and repayment being subject to the restricted payments condition.