Newbridge advises Kelda Water Services on a portfolio financing to fund new infrastructure projects

February 10, 2015 Published by

Kelda Water Services (“KWS”), the Yorkshire, England based holding company of the non-regulated businesses in the Kelda Group signed a portfolio financing facility secured on the cashflows from its existing operational assets.

The £35m, 14 year, committed facility is available to fund KWS’ new infrastructure assets, in particular its anaerobic digestion plants and can be increased under an accordion facility to £50m if certain conditions are met. ING Bank, London was the Mandated Lead Arranger of the facility.

Newbridge acted as financial advisor to KWS on the financing, jointly with Centrus Advisors.

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