South Staffordshire Plc announces successful refinancing
The agreement solidifies credit ratings for South Staffs Water and supports growth within the Group’s non-regulated businesses.
South Staffordshire Plc, an integrated services group that operates in essential services markets, is pleased to announce that it has agreed terms to borrow a total of £145m of new funding with terms ranging up to 10 years.
The proceeds, arranged with a small group of banks and financial institutions, will be used to repay near term maturing bank facilities and to meet the general requirements of the group as it continues with its growth plans across both existing and emerging markets over the coming years.
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