Thames Water secures £3bn lifeline after court ruling
Thames Water has won a crucial High Court battle to secure a £3bn rescue loan, staving off the prospect of the debt-laden company coming under government control. The UK's largest water and waste company was set to run out of cash by the end of March and would have likely been placed into temporary nationalisation to keep services running.
Thames Water: debt lifeline provides relief but challenges remain
Thames Water, Britain's biggest water supplier with 16 million customers, secured a 3 billion pound debt lifeline on Tuesday, warding off nationalisation and giving it time to sort out its finances, boosting its chances of survival.
Thames Water is being investigated over late delivery of environmental improvement schemes, the industry regulator has ...
Crisis hit Thames Water was accused of being “blatantly greedy” after claiming a 35% price hike for customers was not enough. The debt-ridden supplier has launched an appeal against the ...
Laden with debt, Thames Water is currently seeking approval from the court for a restructuring deal with existing creditors ...
Ofwat said that Thames had reported that it was unlikely to complete more than 100 projects it had committed to by a deadline of the end of March.
Thames Water is working to fix the damaged pipe on Alleyn Road in Dulwich, south London, but it has meant thousands have had ...
Thousands of Thames Water customers in London were left without water today on the same morning that Ofwat launched a new investigation into the company. Customers in Crystal Palace and the ...
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Thames Water’s £3bn loan to stave off collapse despite ‘eye-watering’ termsOxfordshire's water company Thames Water has won approval for a high-cost £3billion loan to save it from collapse, as an ...
KKR (KKR) offered to inject $5B into Thames Water for a majority stake, Priscila Azevedo Rocha, Dinesh Nair and Giulia Morpurgo of Bloomberg ...
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