Thames Water gets go-ahead from creditors to access further funding from £1.5 billion facility
Thames Water Utilities Ltd has announced today that its Fifth Consent Requests have been approved by its creditors – meaning the water company will now be able to access further funding from its existing £1.5 billion facility.
S&P Global Ratings removes Southern Water debt rating from CreditWatch Negative; 'BBB-' Ratings Affirmed
aS&P Global Ratings has removed its CreditWatch negative on the 'BBB-' ratings on the debt issued by Southern Water (Finance) PLC, Southern Water’s financing vehicle, and assigned a negative outlook to the rating.
Thames Water issues fifth Consent Requests to access further funding from £1.5 billion facility
Thames Water has issued its fifth consent requests for Super Senior Issuer Funding from the initial £1.5 billion available under its super senior liquidity facility - Thames Water Utilities Ltd has so far drawn £872 million of the facility.
Achilles partners with DIRO to launch supply chain bank account verification
Achilles, a global leader in supply chain risk and performance management, has announced the launch of Bank Account Verification in partnership with DIRO, an AI-powered digital verification platform.
FT reports Thames Water paid £20 million costs of due diligence for KKR’s abortive bid
A report by the Financial Thames at the weekend says that Thames Water had to pay the due diligence costs of private equity firm KKR for its abandoned financial bid.
Thames Water invites Class B debt holders to form ad hoc group of lenders
Thames Water is inviting holders of its Class B debt to form an ad hoc group of lenders in its latest update covering its proposed recapitalisation.
Thames Water Class A creditors submit “detailed and improved proposal” to Ofwat to stave off company’s collapse
Thames Water investors have today submitted a new plan to Ofwat to stave off the company’s collapse – the proposal from the London & Valley Water (L&VW) consortium aims to deliver £5.4 billion of committed funding to Thames Water.
Thames Water gets overwhelming approval of creditors to make initial £24.5 million payment to meet Ofwat penalties
Thames Water Utilities Ltd has announced that the Fourth Consent Requests it launched on 5 September have been overwhelming approved by its creditors, with a deemed approval rate of over 99%.
Anglian Water confirms first £300 million tranche of £500 million equity injection
Anglian Water has confirmed that its shareholders have now injected £300 million of equity into the group.
Thames Water draws remaining available sum of first £1.5 billion tranche of emergency funding
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.
News Showcase
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King’s Award for Enterprise shows ERG moving forward with growth in UK and Asia
ERG, the leading supplier of odour control systems and industrial gas cleaning & thermal systems, has been awarded the coveted King’s Award for Enterprise. -
Welsh Water’s ORAI system shortlisted for three categories at the British Data Awards 2026
Welsh Water’s new artificial intelligence-driven tool, ORAI, has been shortlisted for three categories at the prestigious British Data Awards 2026 – underscoring the company’s commitment to using cutting-edge technology to deliver better outcome for customers. -
Barhale completes two Rapid Action Taskforce Spills projects for Severn Trent
Barhale has completed work on two separate Rapid Action Taskforce Spills projects it is carrying out for Severn Trent. -
Börger UK relocates to larger premises as sales continue to grow
Börger UK, which has firmly established itself as a leading pump brand since it was set up in Staffordshire in 2004, has moved into bigger, brand-new premises in Shrewsbury.
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Scottish Water completes £235m investment in two-way connection between drinking water networks
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply. -
United Utilities accelerates investment to reduce spills from storm overflows across Northwest
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest. -
Working for WSP - what if you could build a career as unique as you? With us, you can
Find out more about the remarkable career opportunities on offer at WSP - scroll down to watch the inspirational video.
Top Stories
- EFRA Committee asks South East Water investors to comment on board and executive leadership and explain steps they will take to address water company failures
- United Utilities seeks supply chain engagement ahead of future procurement of scheduling and metering software
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