Brookfield’s infrastructure debt platform has provided a $325m (€310m) financing facility to US utility Central States Water Resources (CSWR) to support ongoing investments in water and wastewater infrastructure upgrades.
Founded in 2014, CSWR is the third largest investor-owned wastewater provider in the US.
Josiah Cox, president and founder of CSWR, said: “This financing is a testament to the confidence Brookfield has in our mission to bring safe, reliable and environmentally responsible water resources to every community in the US.
“We are excited about our partnership with Brookfield and together remain committed to investing in the renewal of ageing and deteriorating water infrastructure, particularly in smaller, underserved communities.”
Hadley Peer Marshall, CFO of Brookfield Asset Management and co-head of Brookfield’s infrastructure debt and structured solutions businesses, said: “We are pleased to provide a bespoke financing package to support the continued growth of CSWR’s business.
“Brookfield has a long history of investing in critical infrastructure businesses, like CSWR, who has an important role to play in the country’s water infrastructure.”
Eric Wittleder, deputy CIO of Brookfield’s infrastructure debt business, said: “There is a history of underinvestment in our water infrastructure.
“We are thrilled to partner with CSWR and look forward to working with them as they continue to tackle this issue, improving water quality and reliability for customers.”
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