Finance
UK's Thames Water gains overwhelming approval for debt restructuring proposals
Published by Global Banking & Finance Review®
Posted on April 1, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 1, 2025
1 min readLast updated: January 24, 2026
Thames Water's debt restructuring proposals received over 95% approval. KKR is set to invest new equity, helping the company avoid a state rescue.
(Reuters) -Thames Water, Britain's largest water supplier, said on Tuesday its debt restructuring proposals had secured approval, with over 95% of the outstanding principal amount of the qualifying Class A debt voting in favour.
The first tranche of funding is expected to be provided in the first few weeks of April, Thames added.
The company said Consent Requests gained approval from over 86% of Super Senior Issuer Secured Credit Participations. The total consent rate, which includes deemed consent, was reported to be over 96%.
Thames Water on Monday named U.S. investment firm KKR as the frontrunner to invest new equity into the company and help it avoid a state rescue.
(Reporting by DhanushVignesh Babu in Bengaluru; Editing by Maju Samuel and Shreya Biswas)
The main topic is Thames Water's successful debt restructuring approval and potential equity investment by KKR.
U.S. investment firm KKR is the frontrunner to invest new equity into Thames Water.
The approval helps Thames Water avoid a state rescue by securing necessary funding and investment.
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