United Utilities Water Finance PLC - Tender Offer 2024 (XS) - Launch

UNITED UTILITIES WATER FINANCE PLC ANNOUNCESTENDER OFFER IN RESPECT OF ITS £450,000,000 2.00 PER CENT. FIXED RATE NOTES DUE 2025 - XS1769818227

15 MARCH 2024

Full announcement including disclaimers and offer restrictions available via Lonse

United Utilities Water Finance PLC (the Company) announces today its invitation to holders of its £450,000,000 2.00 per cent. Fixed Rate Notes due 2025 (ISIN: XS1769818227) ((£300,000,000 of which were issued on 14 February 2018, £50,000,000 of which were issued on 19 September 2018 and £100,000,000 of which were issued on 28 January 2019)) (the Bonds) to tender their Bonds for purchase by the Company for cash (the Offer). The Bonds are guaranteed by United Utilities Water Limited (the Parent).

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"Summary

A summary of certain terms of the Offer appears below:

Rationale for the Offer

The Offer is designed to proactively manage the Company's debt maturity profile and to provide liquidity to current Bondholders. Any Bonds purchased by the Company pursuant to the Offer will be cancelled and will not be reissued or resold."

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