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Wessex Wtr'0'23 LSE:AG35 London Bond
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Wessex Water Services Finance PLC Agreement to Issue Guaranteed Bonds

13/09/2019 1:33pm

UK Regulatory (RNS & others)


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Wessex Water Services Finance PLC

13 September 2019

THIS ANNOUNCEMENT IS NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR IN OR INTO ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW.

Wessex Water Services Finance Plc

13 September 2019

WESSEX WATER SERVICES FINANCE PLC ANNOUNCES ISSUANCE OF GBP250,000,000 1.500 PER CENT. GUARANTEED BONDS DUE 17 SEPTEMBER 2029

Wessex Water Services Finance Plc (the "Issuer") today announces that it has agreed to issue GBP250,000,000 1.500 per cent. Guaranteed Bonds (the "Bonds"). The Bonds are expected to be issued on or around 17 September 2019 (the "Issue Date").

The Bonds will be unconditionally and irrevocably guaranteed by Wessex Water Services Limited (the "Guarantor"). GBP50,000,000 in principal amount of the Bonds will be immediately purchased by or on behalf of the Issuer on the Issue Date (the "Retained Bonds"). The Bonds will bear interest at a rate of 1.500 per cent. per annum and will mature on 17 September 2029.

The net proceeds of the issue of the Bonds (other than the Retained Bonds) will be lent by the Issuer to the Guarantor, and will be used by the Guarantor for refinancing existing indebtedness and for general corporate purposes.

Following their purchase by the Issuer, any net proceeds of any sale of the Retained Bonds to a third party will be lent by the Issuer to the Guarantor, and will be used by the Guarantor for refinancing existing indebtedness and for general corporate purposes.

An information memorandum (the "Information Memorandum") will be available to view on the London Stock Exchange plc's International Securities Market website.

For further information, please contact:

Ruth Jefferson 01225 526518.

This announcement is for information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy the Bonds or any other security and shall not constitute an offer, solicitation or sale in the U.S. or in any jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful.

The Bonds have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and may not be offered, sold, or delivered within the United States or to, or for the account or benefit of, U.S. persons as defined in Regulation S under the Securities Act unless an exemption from the registration requirements of the Securities Act is available and in accordance with all applicable securities laws of the United States, any state of the United States, and any other jurisdiction.

Any investment decision made in connection with the Bonds must be based solely on the information contained in the Information Memorandum.

Please note that the information contained in the Information Memorandum is addressed to and/or targeted at persons who are residents of particular countries only and is not intended for use and should not be relied upon by any person outside those countries and/or to whom the offer contained in the Information Memorandum is not addressed. Prior to relying on the information contained in the Information Memorandum, you must ascertain from the Information Memorandum whether or not you are part of the intended addressees of the information contained therein. No action has been taken that would, or is intended to, permit a public offer of the Bonds in any country or jurisdiction where any such action for that purpose is required.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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September 13, 2019 08:33 ET (12:33 GMT)

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