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Stock impact report

Southern Water Lenders Tap Advisers to Help Stabilize Utility [Yahoo! Finance]

NatWest Group plc American Depositary Shares (NWG) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg In Traffic-Weary Toronto, a Battle Breaks Out Over Bike Lanes In Italy's Motor City, Car-Free Options Are Growing New York City's ‘Living Breakwaters' Brace for Stormier Seas Lenders for the company's £350 million ($446 million) revolving credit facility, including NatWest Group Plc, Lloyds Bank Plc and BNP Paribas SA, picked Perella Weinberg Partners and Clifford Chance as financial and legal advisers, respectively, as the situation worsens for the water company, said the people, who asked not to be identified discussing private information. Representations for BNP, Clifford Chance and Southern Water declined to comment. Representatives for NatWest, Lloyds and PWP didn't immediately respond to requests for comment. The UK's water utilities are grappling with a combination of high interest rates, regulatory uncertainty and public outrage over chronic leaks and sewage spills. Thames Water, the country's largest water supplier, recently won creditor Show less Read more
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