Anglian shareholders to inject £500m equity

Anglian Water shareholders have provided unconditional and legally binding commitments to inject £500m into the Anglian Water Group, pro-rata to their current shareholdings.

£300m will be provided by early September 2025 and paid down the group structure to Anglian Water (Osprey) Financing, where it will be used to repay a £240m bond which matures in March 2026 and drawn bank revolving credit facilities.

The remaining £200m will be provided by early June 2026 and directed down the group structure to Aigrette Financing, the unrated topco borrowing entity, where it will be used to repay £200m of bank loans maturing in mid-June 2026.

Anglian Water said the investment “reflects shareholders’ continuing confidence in both the business and the strength of our arguments to the Competition and Markets Authority, as well as Government’s recent commitment to address the long-term attractiveness of the sector to investors”. The equity injection will strengthen the capital structure ahead of anticipated regulatory reforms and help maintain strong investment grade credit ratings.