General · 11 minutes ago
Thames Water wants part of its £20bn debt deadline pushed to March 2028
Philafrenzy via Wikimedia Commons (CC-BY-SA-4.0)
Serving 16 million clients throughout London and the Thames Valley, Thames Water has put forward a provisional accord with its lenders. These creditors now essentially hold control following the departure of shareholders in 2024. The company requested an additional emergency loan of £2.4 billion last month, stating it could deplete its cash reserves by late 2026 or early 2027.
Reported by Guardian · How we write briefs