Kelda Holdco refinancing

Kelda Holdco refinancing

Centrus provided financial advice to Kelda in respect of the refinancing of the Kelda group holding company’s £95m bank loan facilities.

As part of our role supporting Kelda, Centrus investigated and sourced competitively priced 7 year facilities from 2 Banks, split into a £65m term loan and £30m undrawn revolving loan facility.

Centrus was able to add considerable value by supporting the company with both the strategic positioning and the commercial negotiations. The refinancing resulted in a substantial margin reduction at the current leverage.

Adrian Hunt, Group Treasurer at Kelda said,

“We are really pleased to have completed this refinancing, particularly as the pricing and other terms compare favourably with both the facility that it replaces and also other HoldCo transactions completed in 2015.”

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