Thames Water takes first step in restructuring in bid to avoid ...

Dec 18, 2024 · A High Court judge ruled on Tuesday that the utility’s restructuring plan could be put to creditors for approval. Thames Water has taken the first step in its bid to avoid administration after a ...

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Thames Water Takes First Step In Restructuring In Bid To Avoid ...

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Dec 18, 2024 · Thames Water has taken the first step in its bid to avoid administration after a High Court judge ruled a plan to secure up to £3 billion in funding could be put to creditors for …

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Thames Water Takes First Step In Restructuring In Bid To Avoid ...

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Dec 18, 2024 · Thames Water has taken the first step in its bid to avoid administration after a High Court judge ruled a plan to secure up to £3 billion in funding could be put to creditors for …

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5 days ago · We cannot spend the money our rivers require if we do not fix the debt, but we are still digging. Thames Water’s proposed £3 billion of special restructuring is going through the …

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Thames Water Takes First Step In Restructuring In Bid To Avoid ...

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December 17, 2024 at 5:05pm GMT. Thames Water has taken the first step in its bid to avoid administration after a High Court judge ruled a plan to secure up to £3 billion in funding could …

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Thames Water Takes First Step In Restructuring In Bid To Avoid ...

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Dec 17, 2024 · Thames Water is in about £16bn of debt (Dominic Lipinski/PA) Thames Water has taken the first step in its bid to avoid administration after a High Court judge ruled a plan to …

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Thames Water Takes First Step In Restructuring In Bid To Avoid ... - Inkl

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Dec 17, 2024 · Thames Water is in about £16bn of debt (Dominic Lipinski/PA) - (PA Wire) Thames Water has taken the first step in its bid to avoid administration after a High Court …

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Can Thames Water avoid administration?

I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Thames Water has taken the first step in its bid to avoid administration after a High Court judge ruled a plan to secure up to £3 billion in funding could be put to creditors for approval. ...

Will creditors vote on Thames Water's restructuring plan?

On Tuesday, Mr Justice Trower ruled the plan could be voted on by creditors. The court was told Thames Water is forecast to run out of money and enter special administration by late March next year if restructuring is not approved. ...

Are Thames Water's rival Class B bondholders launching a parallel restructuring plan?

Thames Water’s rival classes of bondholders took aim at one another in a London high court hearing last month, during which the class B bondholders indicated that they would challenge proceedings and launch their own parallel restructuring plan for the company. ...

Will Thames Water win court approval for £3bn loan?

Thames Water, which is the UK’s largest water utility serving customers in and around London, is trying to win court approval for the controversial £3bn loan agreed with its top-ranking creditors. ...

Will Thames Water keep operating until 2026?

The plan, drawn up by a cluster of investment giants including BlackRock, Abrdn and M&G, would effectively guarantee Thames Water can keep operating until 2026 by providing £1.5bn of funding, with a further £1.5bn potentially available and payment dates for its debts extended by two years. ...

Is Thames Water trying to shore up its finances with a bailout?

Tuesday’s hearing was the first stage of a legal process in which Thames Water is trying to shore up its finances with a bailout from investors. The ruling does not mean that the “A plan” has been finalised, and the judge said the purpose of the hearing was “emphatically not to consider the merits or fairness of the plan”. ...