£400 million of new term loan facilities now signed with European Investment Bank

30 October 2008

United Utilities Water PLC ("UUW") (A3 stable / A- stable) has today signed a new £200m term loan facility with the European Investment Bank ("EIB"), the financing arm of the European Union.

This is the second tranche of a £400m total funding package approved by the EIB to support delivery of the remainder of UUW's AMP4 capital investment programme, and follows signature of the first loan facility which was completed on 30 September 2008.  UUW has already drawn down a number of loans against the first £200m facility, each with a 12-year bullet repayment.