Thames Water is seeking High Court approval today for a £3bn emergency loan to keep the troubled utility afloat, in a crucial 48-hours for the company and the industry. At a hearing at the Royal Courts of Justice before Mr Justice Trower on Tuesday, Thames will present the loan as the first stage of a restructuring plan it says is necessary to avoid running out of cash in the spring.

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Investing.com

Thames Water sets date for restructuring plan hearing

Thames Water, England’s biggest water company, will run out of money by March if restructuring plans are not approved.

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The Independent

Evgeny Lebedev

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Creditors in High Court row over Thames Water restructuring plans

Protesters gathered outside the High Court today in protest over the Thames Water bailout (Picture: EPA/Shutterstock)  Campaigners gathered in central London to protest against Thames Water seeking High Court approval for a £3billion loan. The water company says it will go bust by March if it is unable to raise the massive sum. But analysis from campaign group We Own It found if the bailout is granted it will cost the average person who uses Tha…

Metro News

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Geraldine Mary Harmsworth

Patricia Harmsworth, Viscountess Rothermere

Protesters label Thames Water a ‘disgrace’ over £3,000,000,000 bailout

Two groups of creditors of troubled water company Thames Water are in a High Court dispute over how best to keep it afloat, as the utility will run out of money by March if restructuring is not approved.

Shropshire Star

MNA Media

Ketley

Shropshire

Thames Water, England’s biggest water company, will run out of money by March if restructuring plans are not approved

Evening Standard

Carron Greig

Thames Water could run out of cash by March next year, High Court told

It is a nervous time for the UK's biggest household supplier as it will also learn this week whether inflation-busting hikes to customer bills will be granted in line with the levels Thames is demanding.

Sky News UK

Roberts family

Thames Water seeks court approval for emergency bailout

A £3 billion ($3.8 billion) rescue loan needed to ensure Thames Water doesn’t run out of cash will be scrutinized by a London judge on Tuesday.

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Michael Bloomberg

The Vanguard Group

Howard Buffett

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Thames Water Set For Pivotal Hearing on £3 Billion Rescue Loan

It is in about £16bn of debt and needs £3.3bn over the next five years to keep running

My London

Reach plc

Thames Water takes first step in restructuring to avoid administration

Campaigners have warned that a financial bailout of struggling Thames Water could cost London households a whopping £250 a year.  The company is trying to secure approval from the high court today for a £3 billion financial lifeline to add to its £15 billion in debts.  Without the so-called “liquidity extension”, the company says it will run out of cash by next March.  Analysis by the campaign group We Own It, who were protesting outside the cou…

The London Economic

Thames Water's £3 billion bailout to cost Londoners £250 a year

Thames Water is seeking High Court approval today for a £3bn emergency loan to keep the troubled utility afloat, in a crucial 48-hours for the company and the industry. At a hearing at the Royal Courts of Justice before Mr Justice Trower on Tuesday, Thames will present the loan as the first stage of a restructuring plan it says is necessary to avoid running out of cash in the spring. Two days later on Thursday, regulator Ofwat will reveal its “f…

Thames Water seeks court approval for emergency bailout

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