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Finance

Britain's Thames Water completes initial debt lifeline drawdown

Published by Global Banking and Finance Review

Posted on August 15, 2025

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(Reuters) -Britain's Thames Water said on Friday it has drawn the remaining available amount of its first 1.5 billion-pound ($2.03 billion) tranche of its debt lifeline, securing the company's liquidity needs until at least mid-December.

The second tranche of the 1.5 billion-pound super senior facility is expected, if and when it becomes available, to provide liquidity until at least September 2026, Thames Water said, provided certain conditions are met.

($1 = 0.7380 pounds)

(Reporting by Yadarisa Shabong in Bengaluru)

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