Cox closes a 5-year $115mn US Private Placement with Allianz Capital Partners of America to accelerate the execution of its Strategic Plan

July 10, 2025

  • The Private Placement is a 5-year senior note, and benefits from Cox’s existing rating (BBB- by HR Ratings).
  • The issuance will enable Cox to accelerate the execution of its Strategic Plan across Water and Energy infrastructure assets within its core regions.
  • The transaction has been backed by Allianz Capital Partners of America, which is a testimony of its support in the Company’s management team, business model and growth strategy.

Madrid, July 10, 2025. Cox, a Water and Energy utility, has successfully completed a 5-year Private Placement with Allianz Capital Partners of America for a total amount of $115 million. This transaction demonstrates the market’s confidence in the company’s business model and its long-term growth strategy, with the support of a key institutional investor such as Capital Partners of America.

The incorporation of such qualified investor provides a highly relevant partner that will go alongside the company through its growth strategy. This transaction is part of Cox’s global strategy to consolidate its expansion in its eight key markets, strengthening the company’s financial structure.

Enrique Riquelme, Executive Chairman of Cox, stresses that “We are very satisfied with the trust placed into the Company by Capital Partners of America. This support will allow us to accelerate our growth and strengthen our financial structure. With these new resources, we are in an optimal position to continue growing, consolidate our presence in the market and continue generating value.”

The transaction was advised by Banco Santander as sole placement agent, Morrison Foerster as lead legal advisor to the issuer and Rimôn Law as lead legal advisor to the investor.

The company has also recently obtained an Investment Grade rating  (BBB- with a stable outlook) by the HR Ratings agency, a recognition that facilitates access to more favourable financing conditions and reinforces investor confidence.

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