Finance
UK's Thames Water says liquidity lifeline effective
Published by Global Banking & Finance Review®
Posted on February 21, 2025
1 min readLast updated: January 26, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 21, 2025
1 min readLast updated: January 26, 2026
Thames Water secures a £3 billion debt lifeline to avoid collapse, with funding extended until May 2026. An appeal by junior creditors is pending.
(Reuters) - Britain's Thames Water said the court-approved debt lifeline of 3 billion pounds would come into effect on Friday, warding off a collapse of the country's biggest water supplier.
The company will proceed with the initial implementation steps of the liquidity extension plan. The lifeline, provided by senior or class A creditors, will give Thames 1.5 billion pounds plus a possible further 1.5 billion pounds, extending its funding until May 2026.
However, the final steps of the transaction will not be taken until the outcome of an appeal lodged by its junior or class B creditors.
The hearing for the class B creditors' appeal will take place between March 11 and 13.
(Reporting by Prerna Bedi in Bengaluru; Editing by Shilpi Majumdar)
Thames Water has secured a court-approved debt lifeline of £3 billion.
The liquidity extension plan is provided by senior or class A creditors.
The final steps of the transaction will not occur until the outcome of an appeal lodged by class B creditors.
The hearing for the class B creditors' appeal is scheduled to take place between March 11 and 13.
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