Thames Water creditors offer up £5bn as part of emergency turnaround plan

<p>Regulator Ofwat concerned that plans do not write off enough debt to secure investment-grade credit rating</p><ul><li><p><a href="https://www.theguardian.com/business/nils-pratley-on-finance/2025/jun/10/thames-water-creditors-too-greedy">Nils Pratley: Thames Water’s creditors are being too greedy</a></p></li></ul><p>Lenders to Thames Water have said they will provide £5bn in funding to the struggling utility, in an emergency turnaround plan that has quickly raised concerns from the water regulator, Ofwat, over potentially inadequate losses for debt holders.</p><p>The group of existing senior creditors to Thames Water, a band of more than 100 financial institutions, said their plan would inject £3bn of equity and another £2.25bn of debt.</p> <a href="https://www.theguardian.com/business/2025/jun/10/thames-water-creditors-offer-up-5bn-as-part-of-emergency-turnaround-plan">Continue reading...</a>