Greensands Financing implements Scheme of Arrangement amending and extending £400 million secured debt

Client(s) Greensands Financing PLC

Jones Day advised Greensands Financing PLC on its Scheme of Arrangement, by which it has implemented a five-year amendment and extension to the terms of over £400,000,000 of secured debt obligations. This Scheme of Arrangement formed part of a wider restructuring to the Southern Water Group, on which Jones Day also advised. The Southern Water Group is the structure which ultimately owns and operates the "Southern Water" UK water and wastewater utility. The Scheme is a necessary part of that wider restructuring, which successfully completed in November 2025.