Macquarie Commits Further 245 Million to UK's Southern Water Amid Industry Crisis
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Macquarie Commits Further 245 Million to UK's Southern Water Amid Industry Crisis

Macquarie Asset Management is injecting an additional 245 million into UK's Southern Water to strengthen its finances, adding to previous investments. This move aims to bolster the utility's balance sheet and protect its credit rating amidst a crisis in Britain's water industry, marked by infrastructure issues and public distrust. The commitment is part of a year-long deal with creditors, including Ares Management Corp. and Westbourne Capital, who have agreed to debt write-offs and maturity extensions.

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