Thames Water seeks more time to repay debt as rescue talks continue
The UK’s largest water company has proposed extending some debt repayments to March 2028. Creditors have signed up to an agreement covering more than £12 billion of secured debt.
Thames Water has proposed pushing back some debt repayments, originally due in 2027, to March 2028 as it seeks a rescue deal. The StandardThe Guardian
Creditors representing more than £12 billion of secured debt have signed a transaction support agreement, the company said. Further creditors may join. The Standard
A creditor consortium is revising a proposed £10 billion rescue plan after concerns were raised about protections for customers and the environment. The Standard