Thames Water Pushes Deadline on £3.3 Billion Equity Raise

Nov 18, 2024 · Thames Water extended the deadline in its search for billions of pounds in new equity, as it demands more from potential investors on how they plan to help turn around the …

CouponFollow Extension

£3
OFF

Thames Water Pushes Deadline On £3.3 Billion Equity Raise

2 weeks from now

Nov 18, 2024 · Thames Water extended the deadline in its search for billions of pounds in new equity, as it demands more from potential investors on how they plan to help turn around the …

bloomberg.com

£3
OFF

Investors Line Up Ahead Of Thames Water Deadline For £3.3bn …

2 weeks from now

Dec 5, 2024 · Thames Water, which serves about 16 million people, is in the grip of a funding crisis and only has enough cash to continue operating until early next year. It needs at least …

yahoo.com

£3
OFF

Investors Line Up Ahead Of Thames Water Deadline For £3.3bn …

2 weeks from now

Dec 5, 2024 · Regulator Ofwat has appointed an independent monitor to supervise Thames Water as it attempts a turnaround. But the process for an equity injection cannot be finalised until …

yahoo.com

£3
OFF

Investors Line Up Ahead Of Thames Water Deadline For £3.3bn …

2 weeks from now

Dec 4, 2024 · Castle Water is said to be among those planning to put in potential bids for an equity cash injection into Thames Water. ... Water deadline for £3.3bn equity raise. ... billion in …

expressandstar.com

$4
OFF

Thames Water Seeks New Bids From Investors By Next Month, …

2 weeks from now

Jan 7, 2025 · Thames Water has been looking to raise at least £3.3 billion ($4.1 billion) in new equity after its existing shareholders declared the business “uninvestible” and kicked off a …

yahoo.com

£1.65
OFF

Liquidity Extension Update | Newsroom | Thames Water

2 weeks from now

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

$4
OFF

UK's Debt-ridden Thames Water To Raise $4.3 Bln In Equity, …

2 weeks from now

Oct 21, 2024 · Britain's Thames Water has initiated a process to raise at least 3.3 billion pounds ($4.29 billion) in equity to stay afloat, Bloomberg News reported on Monday, citing a person …

reuters.com

£3
OFF

Investors Line Up Ahead Of Thames Water Deadline For £3.3bn …

2 weeks from now

Dec 5, 2024 · Castle Water is said to be among those planning to put in potential bids for an equity cash injection into Thames Water.

theargus.co.uk

£3
OFF

Thames Water Steps Up Hunt For £3.3 Billion Fresh Cash

2 weeks from now

The troubled utility has set itself a deadline of early November to assemble potential investors

thetimes.com

$4
OFF

UK's Thames Water, On The Brink, In Talks For Cash Lifeline

2 weeks from now

Sep 20, 2024 · The company, which supplies a quarter of the UK population with water, has said it needs to raise equity of 3.25 billion pounds ($4.3 billion) over the next five years. Without …

reuters.com

£3
OFF

Thames Water Ends Week In Court With Argument For £3bn Class A …

2 weeks from now

13 hours ago · The Class A plan will see £1.5bn provided to Thames Water now, and another £1.5bn by June, on the condition that the company secures equity funding. Out of runway The …

globalcapital.com

$3
OFF

UK's Biggest Water Company Seeks Court Approval For Emergency …

2 weeks from now

4 days ago · Thames Water, which serves 16 million customers in and around London, is seeking court approval for up to 3 billion pounds ($3.7 billion) of emergency funding to prevent the …

yahoo.com

FAQs about Thames Water Pushes Deadline on £3.3 Billion Equity Raise Coupon?

Will Thames Water raise £3 billion in New equity?

Thames Water declined to comment when contacted about the bidding process. Thames Water has been looking to raise at least £3.3 billion ($4.1 billion) in new equity after its existing shareholders declared the business “uninvestible” and kicked off a formal bidding process. ...

When do investors have to submit new bids for Thames Water?

(Bloomberg) -- Potential investors in Thames Water will have to submit new bids for the water utility by Feb. 10, according to people familiar with the matter, as the beleaguered firm seeks an urgent injection of equity to boost its finances. Most Read from Bloomberg Can American Drivers Learn to Love Roundabouts? ...

How much equity does Thames Water utilities need to stay afloat?

(Chris Ratcliffe/Bloomberg) (Bloomberg) -- Thames Water Utilities Ltd has officially started a process to raise at least £3.3 billion ($4.3 billion) in equity that it needs to stay afloat. ...

Will Thames Water get an equity injection?

Regulator Ofwat has appointed an independent monitor to supervise Thames Water as it attempts a turnaround. But the process for an equity injection cannot be finalised until after December 19, when Ofwat will give its final verdict on Thames Water’s five-year business plan, including proposals for customer bill hikes and investment. ...

Does Thames Water need emergency funding plans?

Thames Water still needs the emergency funding plans to be passed in court though, and is aiming for a December 17 hearing. Castle Water is said to be among those planning to put in potential bids for an equity cash injection into Thames Water. ...

Will Thames Water run out of money in 2025?

Without new investment it said it would run out of money by May 2025. A formal process to raise new equity will be launched in the coming weeks, Thames Water said, although it added that it was not expected to conclude until after the water regulator had made a final decision on future tariffs, possibly in January. ...