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Thames Water asks creditors for a further £2.4bn in funding
Thames Water is asking creditors to raise its emergency funding facility by £2.4 billion, from £3 billion to £5.4 billion, having already drawn £2.65 billion. The extra money is meant to keep the company solvent into autumn 2027 while a wider recapitalisation involving debt restructuring and new equity remains unresolved. Creditors have until 29 October to vote.
Our readEach extension pushes the real recapitalisation further out, and the company is still asking for more runway rather than a settled structure.
Read the announcement at Water Magazine →
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