Thames Water “purports that the WBS Amendments Consent is not binding on it”
The announcement by Thames Water Utilities Ltd (TWUL) of creditors’ approval for its latest set of Consent Requests and funding proposals on 30 October is accompanied by the statement that “TWL (Thames Water Ltd) as a Subordinated Creditor purports that the WBS (Whole Business Securitisation) Amendments Consent is not binding on it.”
Thames Water reaches recapitalisation agreement with Class B Creditors - but "no certainty Class B Terms will ultimately be implemented"
Thames Water has announced that it has entered into a transaction support agreement (Class B TSA) with certain Class A creditors and certain Class B creditors, including an ad hoc group of Class B Creditors.
Thames Water seeks further £2.4 billion in funding to enable it to continue delivery of AMP8 capital programme
Thames Water is seeking a further £2.4 billion in funding to enable it to continue delivery of its AMP8 capital programme, increasing the £3 billion currently available to it under the super senior facility entered into with its subsidiary, Thames Water Super Senior Issuer PLC to £5.4 billion.
Lloyds supports second successful £250 million Blue Bond issue for Tideway
Lloyds has supported on a second successful Blue Bond for Tideway, to complete a £250 million 10-year issuance by Bazalgette Finance Plc.
Thames Water permitted to drawdown further £170m in October following 15th Consent Requests approval by creditors
Thames Water has announced today that the Fifteenth Consent Requests launched on 29 September have been approved by its creditors, enabling the company to draw down a further £170 million in October.
Fitch Ratings affirms Welsh Water Senior Secured Debt at 'A-' and Stable Outlook - but cautions over delivery risks
Fitch Ratings has affirmed Dwr Cymru (Financing) UK Plc's senior secured class A and B debt at 'A-', and Dwr's subordinated class C debt at 'BBB' - the Outlooks are Stable – but is cautioning over delivery risks.
Pennon Group announces launch of £550 million rights issue and rebased dividend of £125 million
In a strategic update released this morning, Pennon Group PLC has announced the launch of a fully underwritten £550 million rights issue and rebased dividend to support c.£1 billion of additional investment.
Fitch Ratings warn UK Water Bill announcement does not alter sector risk
Fitch Ratings' Head of UK Utilities, Yeshvir Singh is warning that the Prime Minister’s strengthened Water Bill announcement does not alter sector risk - and that the resolution of Thames Water’s restructuring remains a major risk.
Thames Water issues 15th Consent Requests seeking access to £170 million in further funding in October
Thames Water Utilities Ltd and its subsidiary, Thames Water Super Senior Issuer PLC have launched a fifteenth set of consent requests seeking access to £170 million in further funding in October.
Lloyds Banking Group - report calls for 'national security mindset' on UK national infrastructure resilience
Lloyds Banking Group has called for a ’national security mindset’ on infrastructure resilience in the UK – as recent heatwaves, flooding, drought, and an £11 billion annual adaptation funding shortfall have exposed how the UK's critical infrastructure is no longer fit for purpose.
News Showcase
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South West Water explores new approach to sludge dewatering in UK-first municipal trial
South West Water has hosted the first municipal trial of the Fournier Rotary Press in the UK, assessing its potential to improve sludge dewatering performance and support future biosolids standards. -
Uniwater strengthens its UK presence with acquisition of Hy‑Ram Engineering
Uniwater has acquired Hy-Ram Engineering, a specialist in tooling, products and hire for the water sector, based in Mansfield, England. -
Enpure Ltd and Clean TeQ Water Ltd in new collaboration for Moving Bed Ion Exchange-based nutrient removal
Enpure Ltd and Clean TeQ Water Ltd have announced a collaboration agreement to bring Clean TeQ Water's Moving Bed Ion Exchange-based nutrient removal technologies to water utilities across the UK. -
BactoSense ID cuts wastewater and bathing water bacteria testing from days to minutes
Near-real-time microbial monitoring of wastewater discharge and bathing waters is now possible thanks to the BactoSense ID solution created by Swiss-based bNovate Technologies.
Expert Focus
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Other Latest News
- United Utilities tenders £720 million AMP8 contract for Design and Integration Partner
- Yorkshire Water tenders £361 million AMP8 contract for end-user computing equipment and services
- Northumbrian Water starts work on £18.3m investment programme to improve resilience in remote locations
- Uisce Éireann progresses work on €29.5 million Ballinamuck Water Treatment Plant upgrade
- WICS annual report on Scottish Water’s performance flags up growing concerns around delivery of several longer-term commitments
- United Utilities' Barrow project reaches major milestone as piling work begins
Watch
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Southern Water showcases last footage inside Yew Hill Reservoir before filling
Southern Water has released film and images showing what it’s like to walk inside Hampshire’s expanded Yew Hill underground reservoir for the very last time, before it gets filled with water. -
Scottish Water completes £235m investment in two-way connection between drinking water networks
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply. -
United Utilities accelerates investment to reduce spills from storm overflows across Northwest
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.
Top Stories
- United Utilities tenders £720 million AMP8 contract for Design and Integration Partner
- Yorkshire Water tenders £361 million AMP8 contract for end-user computing equipment and services
- WICS annual report on Scottish Water’s performance flags up growing concerns around delivery of several longer-term commitments
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