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Thames Water Secures £3.35B Rescue Plan from Creditors

3/15/2026

34 4 Full Breakdown

Summary

Story summary

Thames Water's creditors Elliott Management Corp. and Silver Point Capital propose an improved rescue offer with a £3.35 billion equity injection and £3.25 billion in new debt.
The plan aims to lighten the debt by having senior creditors accept a haircut of up to 30%.
Ofwat is reviewing the proposal to determine whether it could improve Thames Water's financial health and operational performance.

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Story summary

Thames Water's creditors Elliott Management Corp. and Silver Point Capital propose an improved rescue offer with a £3.35 billion equity injection and £3.25 billion in new debt.
The plan aims to lighten the debt by having senior creditors accept a haircut of up to 30%.
Ofwat is reviewing the proposal to determine whether it could improve Thames Water's financial health and operational performance.