Thames Water rejects Class B creditors proposed restructuring plan
Thames Water (TWUL) has rejected a proposed restructuring plan put forward by its Class B creditors as an alternative approach to the company’s plan - the junior bondholders have accused the Class A senior creditors of attaching “predatory” conditions to a £3 billion emergency loan for a iquidity extension transaction.
Thames Water publishes Liquidity Extension Update
Thames Water has this morning announced that a supplemental expert witness report by Matt Cowlishaw of Teneo Financial Advisory Ltd in relation to the likely outcome for creditors under its proposed restructuring plan has been made available to the plan creditors, prospective buyers, transferees and sub-participants of thet debt.
Thames Water gains High Court approval to proceed to next phase of emergency loan plan
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.
Tugdock and Sarens secure funding from Crown Estate for O & M hub to support offshore wind projects
Tugdock and Sarens have successfully secured funding from The Crown Estate through the initial round of its innovative Supply Chain Accelerator. This is match funding for a joint project by Tugdock and Sarens to develop aheavy lift Operations and Maintenance (O&M) hub at ABP’s port of Port Talbot in Wales.
Investor bid for Thames Water could see company assets sold off and remains publicly listed
Widespead media reports this morning, based on an article in the Financial Times, are suggesting that a £5 billion bid for Thames Water could see billions of pounds worth of the company’s existing assets sold off.
Thames Water - company's lenders support appointment of Julian Gethin as Chief Restructuring Officer
Thames Water has appointed Julian Gething, Partner & Managing Director at AlixPartners in London, in a newly created role as Chief Restructuring Officer to provide specialist advice as it continues its complex and ongoing balance sheet recapitalisation process.
Fitch Ratings says Ofwat Final Determination for AMP8 will be crucial for de-risking UK water sector
Fitch's UK Water lead analyst Yeshvir Singh, Senior Director at Fitch Ratings explains why Ofwat’s Final Determination (FD) for the AMP8 regulatory period April 2025 to March 2030 marks a key milestone for the assessment of the UK water sector’s regulatory framework.
Restructuring plan - Thames Water publishes latest liquidity extension update
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.
Southern Water responds to further ratings downgrade by Fitch Ratings
Southern Water has responded to yesterday’s downgrade by Fitch Ratings which saw Southern Water (Finance) PLC (SWF) senior secured class A debt rating cut to 'BBB-' from 'BBB' and placed on Rating Watch Negative – SWF is Southern Water's financing company.
Fitch downgrades Southern Water's Senior Secured Rating to BBB-' on Rating Watch Negative
Fitch Ratings has downgraded Southern Water (Finance) PLC (SWF) senior secured class A debt rating to 'BBB-' from 'BBB' and placed it on Rating Watch Negative (RWN) – SWF is the financing company of Southern Water Services Ltd (SWS).
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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Other Latest News
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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. -
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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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