Thames Water Secures 75% Creditor Support for £3 Billion Emergency Funding Deal and Rescue Plan

Nov 13, 2024, 07:08 AM

Thames Water has secured vital backing from its creditors, with 75% of Class A bondholders supporting a funding deal. This approval is crucial for the company as it seeks to raise £3 billion in emergency funding to stabilize its financial position. The support from creditors marks a significant step forward for Thames Water's rescue plan, which aims to address ongoing financial challenges and ensure the continuity of its operations.