Macquarie asked Ares to get the southern water debt

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The southern juice of Macquarie asked Ares management and other lenders, from £ 370 million to £ 370 million, the direct operating company of the new capital directly to the operating company.

Negotiations are placed in a debt-laden water program in the center of financing, America’s largest private capital companies.

Southeast Southeast 4.7 MNS 4.7 MNS provides water and sewerage services to the customer, Ares Management and Australian infrastructure investor Western capital, to demolish all the debts of those familiar with the issue.

Investors have their own debt debt at the level of the South Holding Company, which is about 370 million foreign bonds, according to the company’s latest documents. The debt is in the head of the capital and is very far from the assets of the utilities, the maintenance of investors is risky.

Macquarie received a majority share in the south in 2021. Australian investors and lenders are in a partially written compromise, but still do not agree on the terms. According to people from Macquarie’s requirements, people familiar with the discussions, it is still very steep for lending.

A complete opening position, became a fully written request.

Ares, who controlled about $ 550 billion in assets, was losing to the south when the infrastructure of the amp capital in 2022. AMP reached the south in 2018.

Southern water’s MIDCO lenders, including one of the largest pension funds in Canada, and Du Québec, one of the largest pension funds, is also located in the future. These bondholders are sitting between the bonds of the Operating Company’s debt and holding company.

Macquarie, Ares, South Water and CDPQ refused to comment. Westbourne Capital did not respond to a request for comment.

The southern finances are less concerned with the United Kingdom, which is the largest water program and 16mn households. However, the assistance program is severely indebted and is under pressure in debt markets related to the potential of credit rating and debt violations.

Along with the proposed hairstyle, the management of the southern owner of the south Macquarie hits the company 900 mn pounds of pounds.

The purpose of a file is to enter the southern operating company, instead of using a part of HOLQUNG SOMMING SOMMING, according to the use of a part of Macquarie, to serve the level of HOLDING.

A regulated operating company within the southern complex structure – The “Call Play” group, which is expected to be protected from stress in the above holding companies, is used by about 70 percent to capital.

In November, Moody’s rating agency is teetering at Junk by the Rating Agency, Teetering in the southern default and fights with more than £ 6 billion debt.

Capital injection restored some concerns around the south of the market with prices of their gardens. His “Ranking Trace Negative” status rating agency was removed by Fitch.

At the end of last year, the utilities, the annual interest rate borrowed £ 300 million by selling large bonds at a group of hedges, 7.75 percent. In the indication of the difficulty of the capital, the southern, primarily used the personal process aimed at hedging funds for the sale of bonds.

Interest rates on the bond issued by the south is about three times higher than the expected cost of borrowing for the sector.