Thames Water Utilities Ltd and Thames Water Super Senior Issuer PLC have launched parallel consent and waiver requests with voting deadlines of 18 December 2025.

Dŵr Cymru Welsh Water has announced that it will be undertaking a significant transformation programme over the next 18-24 months which will include the restructuring of business and a cut in its workforce of up to 12%.

Thames Water has today announced it has drawn down the remaining available sum of the first £1.5 billion tranche of emergency funding under the restructuring plan proposed by the company in connection with implementing the liquidity extension transaction sanctioned by the High Court on 18 February 2025.

Following yesterday’s announcement that the Court of Appeal had upheld the restructuring plan proposed by Thames Water, Thames Water Ultilities Ltd (TWUL) and Thames Water Super Senior Issuer PLC have launched parallel consent and waiver requests with a voting date of 31 March 2025 to seek a waiver from 75% or more of the super senior creditors.

Thames Water Utilities Ltd has announced that today the Court of Appeal upheld the restructuring plan to extend the liquidity runway of the Thames Water Group.

The Court of Appeal has been told that a plan to restructure Thames Water through a loan of up to £3 billion should not have been approved by the High Court as its terms are "mispriced and inappropriate."

The Appeal Court has this morning started a three day hearing of an appeal against the High Court decision to allow Thames Water’s restructuring plan which would see it receive an emergency £3 billion loan from its Class A creditors.

Moody's Ratings has downgraded Thames Water Utilities Ltd.'s (Thames Water) Probability of Default (PDR) rating to D-PD from Ca-PD - the rating action coincides with the effective date of Thames Water's restructuring plan announced by the company on 21 February 2025.

The High Court hearing to decide on a proposal for Thames Water to secure up to an additional £3 billion in funding begins today.

Thames Water Utilities Ltd has announced that the restructuring plan proposed by Thames Water Utilities Holdings Ltd has been approved by creditors holding over 90% of secured debt present and voting at the plan meetings, ahead of it being considered by the Court at the sanction hearing scheduled for 3 - 6 February 2025.