Thames Water has announced it is seeking a further drawing of £157 million in July 2025 from the initial £1.5 billion loan available under the group's liquidity facility.

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.

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.

Thames Water has announced that the High Court has today approved a restructuring plan to extend the liquidity runway of the Thames Water Group.

The High Court hearing to decide on a proposal for Thames Water to secure up to an additional £3 billion in funding begins today.

Thames Water Utilities Ltd has announced that the restructuring plan proposed by Thames Water Utilities Holdings Ltd has been approved by creditors holding over 90% of secured debt present and voting at the plan meetings, ahead of it being considered by the Court at the sanction hearing scheduled for 3 - 6 February 2025.

Thames Water Utilities Ltd has announced that the waiver contained in its STID Proposal (security trust and intercreditor deed) dated 20 December 2024 has been approved.by its majority Class A creditors.

Thames Water has gained High Court approval to proceed to the next phase of its emergency loan plan following the launch of its Liquidity Extension Transaction and a transaction support agreement on 25 October 2024.

Thames Water has announced that the company has executed and published a Practice Statement Letter dated 22 November 2024 in connection with implementing the Liquidity Extension Transaction via a restructuring plan under Part 26A of the UK Companies Act 2006.

Thames Water has announced this morning that it has secured the backing of creditors who hold in excess of 75% of the water company’s Class A Debt – the creditors have entered into the Transaction Support Agreement (TSA).