How will approval of £3bn emergency debt package help Thames Water avoid collapse?
Utility company handed a lifeline by high court after saying it would run out of cash on 24 MarchThames Water wins court backing for £3bn debt packageThames Water has won court approval for up to £3bn in emergency debt that will allow it to avoid collapse – at least in the short-term.The debt package is an important staging post for the utility company, which supplies water and sewage services to nearly a quarter of the UK population, as it seeks to repair its finances. Continue reading...
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Utility company handed a lifeline by high court after saying it would run out of cash on 24 March
Thames Water has won court approval for up to £3bn in emergency debt that will allow it to avoid collapse – at least in the short-term.
The debt package is an important staging post for the utility company, which supplies water and sewage services to nearly a quarter of the UK population, as it seeks to repair its finances. Continue reading...
