Southern Water Secures £675 Million in New Liquidity
Why we think this is neutral
This RNS announcement provides an update on Southern Water's liquidity position, including a new £675 million liquidity agreement. While this additional funding is positive, the announcement does not contain any of the mandatory news types that would require a more detailed analysis, such as trading updates, financial results, or major contract/order news. Therefore, the sentiment is assessed as neutral.
Key Points
- Southern Water has secured £675 million in new liquidity
- The new liquidity is in addition to £800 million announced in April 2025 and £655 million in committed equity
- The new liquidity will underwrite a future issuance of Class A Unwrapped Bonds
Summary
Southern Water Services Limited has announced that it has agreed terms for £675,000,000 of new liquidity pursuant to an agreement that will underwrite a future issuance of Class A Unwrapped Bonds. This new liquidity is in addition to the £800 million of liquidity announced on 1 April 2025 and the £655,000,000 of committed equity offered by a consortium led by Macquarie Asset Management.