Thames Water needs 'substantial sums', whole sector took on too …

Jul 4, 2023 · Thames Water will need "substantial sums of money" to stabilise its finances, regulator Ofwat said on Tuesday, as it acknowledged that it should have stepped in earlier to …

CouponFollow Extension

$18
OFF

Thames Water Needs 'substantial Sums', Whole Sector Took On Too …

3 weeks from now

Jul 4, 2023 · Thames Water is fighting to secure more equity as it struggles under the weight of its 14 billion pound ($18 billion)debt pile, casting a shadow over the whole sector in Britain which …

marketscreener.com

£60
OFF

Why Is Thames Water In So Much Trouble? - BBC

3 weeks from now

Aug 28, 2024 · Thames Water's travails have certainly put a spotlight on what is a debt-laden industry. According to the regulator Ofwat, the sector's total debt reached £60.6bn by March …

bbc.com

£750
OFF

Thames Water Secures £750m Cash Injection - BBC

3 weeks from now

Jul 10, 2023 · Last week, Ofwat chief executive David Black gave evidence to the Lords' business committee when he said Thames would need "substantial sums of money" to stabilise its …

bbc.co.uk

£3
OFF

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

3 weeks from now

Oct 25, 2024 · Thames Water has said it is seeking up to £3 billion in emergency loans in order to stay afloat until at least October next year.

thenational.scot

£3
OFF

Thames Water Creditors Back £3bn Funding Deal

3 weeks from now

A lower-ranking group of Thames bondholders, which hold about £1 billion of the water company’s debt, had called on the company to extend the deadline for creditors to agree to the financing …

thetimes.com

£3
OFF

Thames Water Faces Fresh Legal Challenge Over £3bn Creditor Loan

3 weeks from now

Jan 21, 2025 · If the government or Thames Water were to call for special administration, then an intermediary, usually a licensed insolvency practitioner, would take over the running of the …

ft.com

FAQs about Thames Water needs 'substantial sums', whole sector took on too … Coupon?

Does Thames need'substantial sums of money' to stabilise its finances?

Last week, Ofwat chief executive David Black gave evidence to the Lords' business committee when he said Thames would need "substantial sums of money" to stabilise its finances. He also admitted the regulator had taken a "relatively hands-off approach" to managing water companies since the industry was privatised in the late 1980s. ...

Why is Thames Water struggling to secure more equity?

Thames Water is fighting to secure more equity as it struggles under the weight of its 14 billion pound ($18 billion)debt pile, casting a shadow over the whole sector in Britain which needs to upgrade ageing infrastructure and stop sewage spills. ...

Does Thames Water need a revised business plan?

"We need to see their revised business plan but we think it's substantial sums of money [that are needed]," Mr Black said, while being quizzed at a Lord's business committee. Mr Black said problems were most acute at Thames Water, and that he did not see the same amount of issues at other companies. ...

Is Thames Water a debt-laden industry?

Thames Water's travails have certainly put a spotlight on what is a debt-laden industry. According to the regulator Ofwat, the sector's total debt reached £60.6bn by March last year. ...

Will Thames Water lose more money in a special administration?

Teneo’s analysis could prove contentious as it forms the basis for Thames Water’s claims that creditors would lose more money in a special administration than in a debt restructuring that is planned after the utility has secured the £3bn from its top-ranking creditors. ...

Is Thames Water underpinning a lot of British infrastructure?

But the problem is much wider, because the same financing model now wobbling at Thames Water is underpinning a lot of British infrastructure. The water sector relies on whole-business securitisations based on their regulated assets. So does Heathrow Airport. ...