Thames Water has enough liquidity for just 11 months

Jul 9, 2024 · Thames Water has enough liquidity to fund its operations for just 11 months, the embattled water company warned on Tuesday. The debt-riddled utility firm blamed shareholders' refusal to give the ...

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Thames Water Has Enough Liquidity For Just 11 Months Ahead Of

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Thames Water had liquidity worth approximately £2.5billion at the end of March, but this slumped to nearly £1.8billion by 30 June, of which £1.5billion comprised available cash and £296million ...

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Crisis-struck Thames Water Has 11 Months Of Liquidity Following ...

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Jul 9, 2024 · But with liquidity at £1.8 billion, Thames Water said it has enough cash to “sufficiently fund our operations for the next 11 months”. Thames Water’s debt pile has put it on the brink …

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Thames Water Says It Will Run Out Of Cash In March

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Dec 10, 2024 · The watchdog would then have between six and 12 months to issue a decision. Net debt hit £15.8billion during the six months to the end of September, up from £14.7billion a …

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Clock Ticking For Thames Water As It Searches For Investment - City …

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Jul 9, 2024 · In its annual results for the year to 31 March 2024, the embattled water company confirmed that its liquidity at the end of June was £1.8bn, “sufficient to fund our operations for …

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Thames Water: Why Does The Struggling Water Firm Need ... - The …

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Oct 25, 2024 · In July, the company said it had £1.8 billion of liquidity, which would be enough to tide it over until May next year. ... Thames Water has said it will need to access more of its …

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Thames Water Reveals £3 Billion Emergency Financing Plan To Keep …

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It said its liquidity would be guaranteed for at least the next 12 months and potentially through to May 2026 if ... If proposals are approved Thames Water will have liquidity of £1.65 billion at ...

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Thames Water Warns Cash Reserves Have Eight-month Runway

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Sep 20, 2024 · Thames Water said this morning that it has £1.57 billion of liquidity available which should see it through until next May. It is also pursuing equity financing options.

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Liquidity Extension Update | Newsroom - Thames Water

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Oct 25, 2024 · If the STID Proposals pass and Liquidity Extension Transaction is implemented, TWUL is expected to have liquidity of £1.65 billion as at 31 January 2025 and TWUL’s liquidity …

thameswater.co.uk

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Thames Water Fix Requires Everyone To Take A Bath | Reuters

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Apr 4, 2024 · Thames Water has a liquidity problem. The holding company of the UK’s largest water supplier warned last week it might not be able to repay a 190 million pound ($241 …

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Thames Water Holdco Bondholders At Risk Of Getting Hosed

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Jun 30, 2023 · Enough liquidity. Attention has focused on Thames Water's high leverage. At 80%, according to Ofwat, it has the highest senior debt of all UK water companies relative to its …

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Thames Announces Proposed Transaction To Extend Its Liquidity …

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Oct 28, 2024 · Thames Water Utilities Limited has announced a proposed transaction to extend its liquidity runway, including up to £3.0bn of new money in addition to access to cash …

watermagazine.co.uk

FAQs about Thames Water has enough liquidity for just 11 months Coupon?

Does Thames Water have enough liquidity?

Thames Water has enough liquidity to fund its operations for just 11 months, the embattled water company warned on Tuesday. The debt-riddled utility firm blamed shareholders' refusal to give the group a £500million emergency funding package in March, owing to concerns that regulators' demands had made the firm's business plan uninvestable. ...

How much liquidity did Thames Water have in March?

At the end of March, Thames Water had approximately £2.5billion in liquidity, but this slumped to nearly £1.8billion by 30 June. The surprise victory of the New Popular Front (NFP) in France 's elections has set alarm bells ringing for the nation's wealthy as the hard-left alliance plans to roll out an eye-watering 90% income tax on high earners. ...

Why did Thames Water not get a £500m emergency funding package?

The debt-riddled utility firm blamed shareholders' refusal to give the group a £500million emergency funding package in March, owing to concerns that regulators' demands had made the firm's business plan uninvestable. At the end of March, Thames Water had approximately £2.5billion in liquidity, but this slumped to nearly £1.8billion by 30 June. ...

How much debt does Thames Water have?

Net debt hit £15.8billion during the six months to the end of September, up from £14.7billion a year earlier, according to Thames Water’s latest accounts. The company recorded a £189.7million loss, compared to a profit of £172.3million in 2023. ...

Will Thames Water run out of money by May 2025?

The company could fall into administration without new funds by May 2025 Thames Water has warned that it will run out of money by the end of next May, as the heavily indebted company intensifies efforts to secure fresh funding. ...

Will Thames Water run out of cash?

Thames Water said if its creditors do not let it draw on the £380-million of cash it needs in reserves under its financing arrangement, and it cannot access £420-million of Class A and Class B undrawn committed facilities, it could run out of cash at the end of December. ...