New year boost for Arqiva
January 7, 2013 10.31 Europe/London By Julian Clover
Shareholders in UK transmission company Arqiva are to inject £780 million as part of a £3.7 billion loan and bond refinancing.
By paying down the debt, the company’s shareholders will satisfy the demands of its shareholders, and help in securing a BBB credit rating.
Shareholders in the company include the Canada Pension Plan Investment Board, which holds 48% and Macquarie European Infrastructure (25%).
Arqiva is the principal provider of UK transmission services and is also a shareholder in the PSB-telco broadband project YouView.