Rival creditor group offers Thames Water emergency loan at lower rate

Quick Summary:

For any deal to go ahead, Thames Water would need 75 per cent of both classes of bondholders to agree.

Thames Water, the UK’s largest water and sewerage provider serving 16mn households in and around London, is struggling with a £19bn debt load and has warned that it could run out of cash by Christmas.

The deal with the class A bondholders would charge Thames 9.75 per cent in interest a year.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Robert Smith

Category: MarketsFinanceInvesting

Markets: United States

Topics: Thames £3bn Financial Water Class Interest Provide Deal Group Bondholders Debt

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 16:39:31 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 576 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23351886

View Article Analysis

About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 9 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

Frequently Asked Questions