Thames Water creditors ready revised rescue plan, Bloomberg News reports

Thames Creditors Plan Revised Rescue Deal to Avert State Control

Thames Water’s senior creditors are preparing to write off more debt and put more money into the utility in a renewed effort to avoid the UK government taking temporary control.

Thames Water creditors ready revised rescue plan, Bloomberg News reports

Thames Water's creditors are preparing a revised ​rescue deal that would include deeper debt writedowns ‌and additional equity investment to prevent the government from taking temporary control of the troubled utility, Bloomberg News reported on Wednesday.

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