Thames Water secures £3bn lifeline after court ruling
Thames Water has won a crucial High Court battle to secure a £3bn rescue loan, staving off the prospect of the debt-laden company coming under government control. The UK's largest water and waste company was set to run out of cash by the end of March and would have likely been placed into temporary nationalisation to keep services running.
Thames Water £3bn rescue loan gets High Court approval
The UK’s largest water company, already straining under £19.5bn of debt, had sought court approval to borrow up to £3bn from its top-ranking creditors. The company has said that will give it breathing room to raise equity from new investors and renegotiate its debts.
A JUDGE slammed the “eye-watering” £210million paid to advisers working on Thames Water after reluctantly approving a ...
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The UK's biggest water supplier had been set to run out of money by 24 March without a £3bn loan from its creditors, amid ...
Thames Water, which serves 16 million customers in and around London, was seeking court approval for billions of pounds in ...
Private equity fund KKR is offering £4 billion to take control of struggling utility Thames Water in the UK, according to a ...
Cash-strapped Thames Water bought itself some more time to reorganize its debts after a London judge approved an emergency loan worth as much as £3 billion ($3.8 billion).
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