SSEN Transmission Secures GBP1 Billion Syndicated Bank Facility

04:26 AM EST, 12/19/2025 (MT Newswires) -- SSE's (SSE.L) 75%-owned SSEN Transmission signed a 12-year bank facility totaling 1 billion pounds sterling with a group of lenders led by Bank of America. The financing, ringfenced as a green loan, will support four SSEN Transmission projects to upgrade grid capacity, enhance local resilience and link power to areas of demand throughout Britain, the UK-based utility said Friday. The group of lenders includes BBVA, HSBC, JP Morgan, Lloyds, MUFG, NatWest and Santander. The loan is backed by an 800 million-pound financial guarantee from the UK Government's National Wealth Fund.