Aigrette Financing

Aigrette Financing was incorporated on 12 May 2021, as part of the Anglian Water Group Limited and Anglian Water Services (AWS) capital restructure.
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The Anglian Water Group, whose ultimate parent company is Anglian Water Group Limited, operates a three-tier debt structure, referred to as OpCo, MidCo and HoldCo. Aigrette Financing (Issuer) PLC (AFIP) forms parts of the Aigrette Financing Limited (AFL) Group (Group headed up by AFL).
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The aim of this company is to raise debt and lend it to its parent company in the HoldCo part of the structure in order to maintain a certain net debt to capital ratio (net debt expressed as a percentage of Anglian Water’s regulated capital value). As such the KPI for AFIP is the related net debt to capital ratio.
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