Loading...
Market
Will KKR increase its stake in Thames Water by December 31, 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from KKR or Thames Water
Story
KKR Joins £1.5 Billion Effort to Save Thames Water Amid Debt Crisis
Nov 4, 2024, 12:37 PM
Investment giant KKR has entered the battle to save Thames Water, which is struggling under heavy debt. Thames Water's financial troubles began when private equity firms loaded it with debt, extracted dividends, and neglected investment. Now, a group of its lenders, including BlackRock, Abrdn, and M&G, is calling for additional backers to support a £1.5 billion cash injection aimed at giving the company a temporary lifeline. The creditor group is urging others to join the $2 billion lifeline plan to stabilize Thames Water.
View original story
Similar markets
Yes • 50%
No • 50%
Successful restructuring • 25%
Special administration • 25%
Nationalization • 25%
Other outcome • 25%
Successful restructuring • 25%
Partial restructuring • 25%
No restructuring • 25%
Insolvency • 25%
Successfully Restructured • 25%
Partially Restructured • 25%
Restructuring Failed • 25%
Plan Abandoned • 25%
Debt reduced by more than 10% • 25%
Debt remains about the same • 25%
Debt increased by less than 10% • 25%
Debt increased by more than 10% • 25%
