Thames Water Utilities Ltd has announced that the 14th Consent Request and STID Proposal launched on 11th September have been approved by creditors.
Given the approvals above, Thames Water and its subsidiary, Thames Water Super Senior Issuer plc will proceed with the implementation of the 14th Consent Request and the STID Proposal.
The 14th Consent Requests and STID Proposal had a voting date of 25 September 2026.
In 2025, the utility entered into a super senior facility with its subsidiary, Thames Water Super Senior Issuer plc and an initial £1.5 billion was made available under the facility. Thames Water and the Super Senior Issuer have the ability to raise a further £1.5 billion under the facility, in two tranches each of £750 million (the Accordion), subject to the satisfaction and/waiver of a number of conditions.
As previously announced, they have since secured commitments of a further £823 million - the first £750 million tranche of the Accordion plus a shortfall amount of c. £73 million pursuant to an Accordion allocation process launched in February 2026. This brings the total amount of commitments secured under the Facility to £2.323 billion (of which £2.25 billion is funded and c.£73m is committed but deferred.
Thames Water launched the process to allocate the remaining c.£667 million of the Accordion in July 2026 - the remainder of the second £750 million tranche of the Accordion, bringing the total amount of commitments secured under the facility to £3 billion.
The previous 13th Consent Requests extended the June Release Condition under the facility to 30 September 2026 and permitted Thames Water to drawdown £230 million in September .
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