SW Finance I PLC (fka Southern Water Services Finance Ltd) (SWSFIN)

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SW Finance I PLC (fka Southern Water Services Finance Ltd) (SWSFIN)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	UTIL	PRCD	SWSFIN	SW Finance I PLC (fka Southern Water Services Finance Ltd)	£750		1	EMEA	Jul 31, 2025

Tranche #1SW Finance I PLC (fka Southern Water Services Finance Ltd)

currency

GBP

size (m)

750.000

maturity

Aug 7, 2032

type

Fixed

tenor

7.000

call

registration

Reg S Only

benchmark

ranking

Sr. Secured

moody's

Ba1

s&p

BBB-

fitch

BBB-

size description

re-open/tap

ipt

G+300 a

ipt-pxd

guidance

G+275 a

spread

270

coupon

6.875%

spread set

price

99.46900

yield

6.856%

book size (m)

3,750

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

3,750

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

7 yr: Book size: 3750; First Pay: 2026-08-07; Registration: Reg S Only; Comments: GBP750m 7yr cpn fxd 6.875% at 99.469, yld 6.856%. Spread: G+270bps. UKT 4.25% due June 2032 @ 100.552 mid, 100.522 bid (HR 94%). Clean-up Call: No. Par Call: 3m. MWC: G+45bps. LEI: 549300BHN1HB5BNG2R96;

Guarantor(s)

Southern Water Services Ltd, SWS Holdings Ltd, SW (Finance) II Ltd and SWS Group Holdings Ltd

Use of Proceeds

Refinancing of existing indebtedness

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SW Finance I PLC (fka Southern Water Services Finance Ltd) (SWSFIN)

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