Competing creditor group provides Thames Water with discounted emergency loan

Competing creditor group provides Thames Water with discounted emergency loan

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favorite stories in this weekly newsletter. A group of owners of Thames Water’s riskier class B bonds have offered to provide the utility with emergency financing that they say could cost £380mn less over 12 months than a deal the company … Read more

Disagreement among Thames Water bondholders regarding emergency loan

Disagreement among Thames Water bondholders regarding emergency loan

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thames Water is facing a critical situation as its battle for survival escalates. The company, which serves around 16 million households in south-east England, is grappling with a staggering £19 billion debt burden. In an … Read more