Thames Water granted £3bn debt lifeline

UK's Thames Water wins approval for 3 billion pound debt lifeline
Britain's Thames Water secured court approval for a 3 billion pound ($3.8 billion) debt lifeline on Tuesday, warding off the collapse and state rescue of the country's biggest water supplier. The government had been on standby to put Thames Water,
Why taxpayers could still face a bill for Thames Water despite £3bn lifeline
A rescue deal has been approved by the High Court, but as Sean O’Grady explains, the crisis at the utility is far from over
Thames Water handed £3bn lifeline by court to save it from financial collapse
Thames Water secured court approval for a £3billion debt lifeline on Tuesday, warding off nationalisation for the country's biggest water supplier.
UK's Thames Water debt lifeline approved by London court
Britain's Thames Water secured court approval for a 3 billion pound ($3.8 billion) debt lifeline on Tuesday, warding off nationalisation for the country's biggest water supplier in the short term and giving it time to sort out its finances.
Thames Water ‘rewarded for years of mismanagement’ with £3bn emergency loan
Water worker and GMB activist Cliff Roney said Thames Water was being “rewarded for years of mismanagement and passing costs on to consumers with the right to rack up more debt, more interest, and more fees. “The government must urgently bring Thames Water into public ownership while protecting staff terms, conditions, and pensions.”
Thames Water secures £3bn lifeline after court ruling
Thames Water has won a crucial High Court battle to secure a £3bn rescue loan, staving off the prospect of the debt-laden company coming under government control. The UK's largest water and waste company was set to run out of cash by the end of March and would have likely been placed into temporary nationalisation to keep services running.
Thames Water £3bn bailout ‘massive injustice’, say campaigners
It faced going under next month unless it was allowed to borrow more money and today a high court judge ruled that it would be allowed to do that while it seeks new investors. But water campaigners are furious, saying those lending money to Thames Water will pocket hundreds of millions in fees and interest charges.
UK's Thames Water wins court approval for 3 billion pound debt lifeline
Britain's Thames Water secured court approval for a 3 billion pound ($3.8 billion) debt lifeline on Tuesday, warding off the nationalisation of the country's biggest water supplier and giving it time to sort out its finances.
Thames Water Emergency Rescue Loan Approved by London Judge
A London judge approved a crucial rescue loan for Thames Water, giving the utility some much needed breathing room while it continues to negotiate a restructuring with its lenders.
Thames Water £3bn rescue loan gets High Court approval
The UK’s largest water company, already straining under £19.5bn of debt, had sought court approval to borrow up to £3bn from its top-ranking creditors. The company has said that will give it breathing room to raise equity from new investors and renegotiate its debts.
Thames Water receives £3bn rescue loan to save struggling company
Thames Water chairman Sir Adrian Montague said the approval of a £3 billion rescue loan for the company by a High Court judge "marks a significant milestone".
What's happening with Thames Water, why's it in court and could it be nationalised?
Effective nationalisation of Thames Water through special administration would have been more likely if the utility firm ...
Fury as ‘profit-thirsty zombie’ Thames Water kept afloat by £3bn bailout
Restructuring plan enables struggling utility to keep operating just weeks before it was set to run out of money – but judge ...
Thames Water: debt lifeline provides relief but challenges remain
Thames Water, Britain's biggest water supplier with 16 million customers, secured a 3 billion pound debt lifeline on Tuesday, ...
Judge reluctantly approves £3bn Thames Water rescue package but slams eye-watering amount paid to advisers
A JUDGE slammed the “eye-watering” £210million paid to advisers working on Thames Water after reluctantly approving a ...
Thames Water pleads with watchdog for higher bills in fight to stay afloat
Thames Water has launched an appeal to the competition regulator as the embattled utility fights to secure an eye-watering 53 ...
Thames Water faces investigation over failing environmental promises
British water regulator Ofwat said it would investigate Thames Water over delays to hundreds of environmental improvements to ...