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Thames Water closes in on £16bn rescue deal with lenders
Creditors plan to convert over £13 billion of debt into equity with a minimum 10% stake and increase a £3.15 billion equity injection to recapitalize Thames Water.
- Britain's Thames Water is nearing a 16 billion-pound rescue deal with its lenders to avoid temporary public ownership.
- A group of creditors holding 13 billion pounds of Thames Water's total 20 billion pound debt aims to sign an agreement with the regulator and the company by mid-next month.
- Thames Water, which has 16 million customers, has been fined over 100 million pounds for sewage spills in an environmental scandal.
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UK's Thames Water nears 16 billion-pound rescue deal with lenders, Sky News reports
Britain's Thames Water is edging closer to a 16 billion-pound ($22 billion) rescue deal with its lenders that would keep the ailing utility out of temporary public ownership, Sky News reported on Saturday.
·United Kingdom
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TradingViewThames water closes in on 16 billion-pound rescue deal with lenders, Sky News reports
Thames Water is edging closer to a 16 billion-pound rescue deal with its lenders that would keep the ailing utility out of temporary public ownership, Sky News reported on Saturday. A... -January 31, 2026 at 06:03 am EST MarketScreener
Sky News UK+2 Reposted by 2 other sources
Thames Water closes in on £16bn rescue deal with lenders
A group of creditors is nearing an in-principle agreement with Ofwat that would keep Britain's biggest water utility out of temporary government ownership, Sky News learns.
·United Kingdom
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Total News Sources8
Leaning Left0Leaning Right1Center4Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
C 80%
R 20%
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