Slaughter and May advised South West Water on the establishment of its £2,500,000,000 Euro Medium-Term Note Programme (the “Programme”). The Programme enables South West Water Finance Plc to issue notes which will be guaranteed by South West Water Limited (“SWW”) and admitted to trading on the Main Market of the London Stock Exchange.
SWW is a wholly-owned direct subsidiary of Pennon Group plc, an environmental utility infrastructure FTSE 250 listed company. SWW is the licensed water and sewerage provider operating across much of the South West of England, and provides water and wastewater services to approximately 3.5 million people across Bristol, Bournemouth, Devon, Cornwall, the Isles of Scilly and parts of Dorset.
Financing