Thames Water may have less than £500m in usable cash despite £1.5bn in emergency debt, court told
Struggling firm’s resources to be depleted due to expensive fees and interest costs in restructuring deal Struggling Thames Water may gain less than £500m in usable cash while taking on £1.5bn in emergency debt because of expensive fees and interest costs, a Londonhigh court has heard.Thames Water is seeking approval from the court for a restructuring deal with existing creditors that would provide £1.5bn in immediate financing, potentially rising to £3bn, to stave off collapse by the end of March. Continue reading...
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Struggling firm’s resources to be depleted due to expensive fees and interest costs in restructuring deal
Struggling Thames Water may gain less than £500m in usable cash while taking on £1.5bn in emergency debt because of expensive fees and interest costs, a Londonhigh court has heard.
Thames Water is seeking approval from the court for a restructuring deal with existing creditors that would provide £1.5bn in immediate financing, potentially rising to £3bn, to stave off collapse by the end of March. Continue reading...
