Additional Funding Received
29 Aprile 2009 - 1:07PM
UK Regulatory
TIDM52HO
RNS Number : 3664R
South East Water Limited
29 April 2009
SOUTH EAST WATER RECEIVES ADDITIONAL FUNDING
Hastings Water (UK) Limited (a wholly-owned subsidiary of the ultimate UK
holding company) has provided approximately GBP36.1 million of additional
funding to South East Water (Holdings) Limited and ultimately to South East
Water Limited.
Given RPI inflation's steep decline over the previous six months and its
unpredictable outlook, the funds were provided as a prudent measure to maintain
and improve headroom in near-term debt covenants.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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