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Thames Water can continue with £3 billion restructure plan after winning court battle

An appeal against Thames Water's restructuring plan was dismissed at the Court of Appeal.
Thames Water is at risk of running out of funds due to its £17 billion debt.
Thames Water serves around 16 million customers and owns more than 20,000 miles of water mains.
Both Thames Water and the government assure that water supply will continue for customers.

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Oxford Mail

+4 Reposted by 4 other sources

Thames Water restructure approval challenge dismissed at Court of Appeal

Appeals against the approval of a plan to restructure Thames Water through a loan of up to £3 billion has been dismissed.

7 hours ago·Oxford, United Kingdom

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The Herald Palladium

+13 Reposted by 13 other sources

Court upholds £3 bn lifeline for UK's top water supplier

A UK court on Monday upheld an emergency loan granted to Thames Water, allowing Britain's largest such supplier to keep a financial lifeline as it drowns under massive debt.

Thames Water wins approval for controversial £3bn creditor loan

Judges rule deal can go ahead with only a small change to releases freeing directors from future litigation

9 hours ago·London, United Kingdom

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Investing.com

Thames Water’s restructuring plan gets court nod

9 hours ago

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Bloomberg

Thames Water’s £3 Billion Loan Approved by UK Appeals Court

Appeal judges approved emergency funding allowing Thames Water to access as much as £3 billion ($3.9 billion) and stave off temporary nationalization.

9 hours ago·United States

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