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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Albion Water appoints new Director of Business Development
Albion Water, the first NAV (New Appointment & Variation) to have been established in1999 and now under the ownership of SDS Water Group, has appointed Andy Holland as its new Director of Business Development. -
Webinar to explore moving indirect potable water reuse to full implementation
UK water companies are invited to join an upcoming webinar which will explore how the sector can take indirect potable reuse (IPR) from concept to full-scale operational reality. -
Kohtari CEO says joined-up water intelligence needed to predict, not just react - not more data
James Sumsion, CEO of predictive water intelligence specialists Kohtari, says the water sector needs to take a giant leap forward, so that it can anticipate and act upon water quality issues - rather than merely react. -
IED compliance – using automated sliding floodgates to support secondary containment at water and sewerage company sites
Ray Moulds, Sales Director at Flood Control International, takes a look at how automated sliding floodgates are supporting secondary containment at water and sewerage company sites.
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Other Latest News
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- National Cyber Security Centre adds water sector example to Secure Connectivity Principles for Operational Technology
- Cambridgeshire business to benefit from water efficiency drive
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Watch
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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.
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