Thames Water has gained High Court approval to proceed to the next phase of its emergency loan plan following the launch of its Liquidity Extension Transaction and a transaction support agreement on 25 October 2024.
The convening hearing in relation to the restructuring plan proposed by Thames Water took place yesterday when the High Court directed that plan meetings with creditors should be convened on or about 21 January 2025 for the purpose of considering and, if thought fit, approving the plan.
The plan meetings will be held at the offices of Linklaters LLP, One Silk Street, London EC2Y 8HQ, UK and via video conference.
Thames Water is required to promptly make available to the plan creditors, prospective buyers, transferees, and sub-participants of the debt (or similarly interested parties), an explanatory statement in connection with the plan at https://deals.is.kroll.com/thameswater.
The Explanatory Statement outlines the water company’s proposed restructuring plan, its proposed effects and next steps for creditors, including in relation to voting at the plan meetings and other key steps required to implement the Liquidity Extension Transaction.
The Explanatory Statement is also available for inspection at the offices of Kroll Issuer Services Limited, at The Shard, 32 London Bridge Street, London, SE1 9SG, United Kingdom.
Creditors are advised to contact the Information Agent at This e-mail address is being protected from spambots. You need JavaScript enabled to view it with any questions regarding accessing the Explanatory Statement.
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