Thames Water junior creditors accuse rivals of ‘predatory’ loan conditions

Quick Summary:

The class A bondholder group declined to comment.

Thames Water said in a statement to the market on Tuesday: “The board and leadership team remain focused on implementing the company plan, stabilising the business and seeking the best financial and operational outcome for customers, the environment, UK taxpayers and the UK economy.

The class B bondholders announced on Tuesday that they had also formally filed “grounds of objection” to Thames Water’s proposal earlier this month.

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Article Details

Author / Journalist: Robert Smith

Category: MarketsFinanceInvesting

Markets: United States

Topics: Thames Class Creditors Financial Court Raise Water’s Loan Utility Water Bondholders

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-07 @ 16:16:34 (1 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 532 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 36 words per sentence (average)

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

Copyright Owner: © Financial Times

News ID: 24962736

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