Macquarie Asset Management has made a £120m (€140m) debt investment in UK water company Anglian Water.

Macquarie said the debt investment in the holding company of Anglian Water will help refinance existing debt and will provide additional flexibility to the company as it “seeks to build on its position as one of the UK’s top-performing water and water recycling utilities”.

Anglian Water provides regulated water and water recycling services to almost seven million people across the East of England and Hartlepool.

Gareth Edwards, a senior vice president at Macquarie Asset Management, said: “We have worked closely with the management team at Anglian Water to understand and help meet their long-term Holdco financing needs.

“Anglian Water is amongst the top performers in the sector, and we are delighted to have completed this transaction with them. For our institutional clients, this represents a stable, long-term investment opportunity with a high-quality borrower.”

Jane Pilcher, group treasurer at Anglian Water, said: “This new financing agreement will contribute to our investment in resilient infrastructure to support our rapidly growing customer base and to safeguard and enhance the environment.

“We would like to thank Macquarie for its engagement and support of our business through this long-term partnership.”

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