Thames Water is seeking a further £2.4 billion in funding to enable it to continue delivery of its AMP8 capital programme, increasing the £3 billion currently available to it under the super senior facility entered into with its subsidiary, Thames Water Super Senior Issuer PLC to £5.4 billion.
Thames Water has announced today that the Fifteenth Consent Requests launched on 29 September have been approved by its creditors, enabling the company to draw down a further £170 million in October.
Thames Water Utilities Ltd and Thames Water Super Senior Issuer PLC have launched parallel consent and waiver requests with voting deadlines of 18 December 2025.
Dŵr Cymru Welsh Water has announced that it will be undertaking a significant transformation programme over the next 18-24 months which will include the restructuring of business and a cut in its workforce of up to 12%.
Thames Water has today announced it has drawn down the remaining available sum of the first £1.5 billion tranche of emergency funding under the restructuring plan proposed by the company in connection with implementing the liquidity extension transaction sanctioned by the High Court on 18 February 2025.
Following yesterday’s announcement that the Court of Appeal had upheld the restructuring plan proposed by Thames Water, Thames Water Ultilities Ltd (TWUL) and Thames Water Super Senior Issuer PLC have launched parallel consent and waiver requests with a voting date of 31 March 2025 to seek a waiver from 75% or more of the super senior creditors.
Thames Water Utilities Ltd has announced that today the Court of Appeal upheld the restructuring plan to extend the liquidity runway of the Thames Water Group.
The Court of Appeal has been told that a plan to restructure Thames Water through a loan of up to £3 billion should not have been approved by the High Court as its terms are "mispriced and inappropriate."
The Appeal Court has this morning started a three day hearing of an appeal against the High Court decision to allow Thames Water’s restructuring plan which would see it receive an emergency £3 billion loan from its Class A creditors.
Moody's Ratings has downgraded Thames Water Utilities Ltd.'s (Thames Water) Probability of Default (PDR) rating to D-PD from Ca-PD - the rating action coincides with the effective date of Thames Water's restructuring plan announced by the company on 21 February 2025.
Enpure Ltd and Clean TeQ Water Ltd have announced a collaboration agreement to bring Clean TeQ Water's Moving Bed Ion Exchange-based nutrient removal technologies to water utilities across the UK.
Near-real-time microbial monitoring of wastewater discharge and bathing waters is now possible thanks to the BactoSense ID solution created by Swiss-based bNovate Technologies.
ABB has launched AquaMaster+™, a digital platform for smart water network management, designed to help water utilities monitor, analyze and manage their water networks, preventing pipeline water losses and optimizing operations.
Craig Nienaber, Business Development Manager for Safe Access Solutions (SAS) at HUBER Technology, explores why the company is seeing a growing level of interest in its safe access solutions for critical infrastructure providers, including their application in wastewater treatment assets.