REG - Stonewater Funding - Acquisition

Arthur J. Gallagher & Co.Announcement

Yesterday 10:00

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RNS Number : 8178O  Stonewater Funding PLC  30 June 2025

RNS Number: 306852

Stonewater Funding plc

30 June 2025

 

Stonewater Group

Porthove Housing Association Limited

The Rotary Club of Hove Community Housing Society Limited

Transfer of Engagements

 

 

Stonewater Funding plc

£250,000,000 1.625 per cent. Secured Sustainability Notes due 2036

£200,000,000 5.034 per cent. Secured Bonds due 2042

£250,000,000 3.375 per cent. Secured Bonds due 2045 (together, the Bonds)

 

Notice is hereby given to the holders of the Bonds that the Stonewater Group
is in discussions with Porthove Housing Association Limited ("PHA"), a
Registered Provider of Social Housing and community benefit society with
registered number 16913R, and The Rotary Club of Hove Community Housing
Society Limited ("The Society"), a community benefit society with registered
number 15012R.

The current intention, subject to, amongst other things, completion of due
diligence and funder consents, is for PHA and The Society to join the
Stonewater Group via a Transfer of Engagements into Stonewater (5) Limited on
or prior to 30 September 2025. PHA is a housing association with 44 properties
in the Brighton and Hove area. The Society is a society with 53 properties in
Hove.

 

Stonewater Limited will remain the parent of the Stonewater Group.

 

For further information, please contact:

Anne Costain

Stonewater
Group
Telephone: 073 920 92473

Suite C, Lancaster House
                             Email:
 Anne.Costain@stonewater.org

Grange Business Park

Enderby Road

Whetstone

Leicester, LE8 6EP

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