Thames Water launches more consent and waiver requests from creditors with 18 December 2025 deadlines
Thames Water Utilities Ltd and Thames Water Super Senior Issuer PLC have aunched parallel consent and waiver requests with voting deadlines of 18 December 2025.
Dŵr Cymru Welsh Water announces major transformation programme including 12% cut in workforce – loss of up to 500 roles
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 draws remaining available sum of first £1.5 billion tranche of emergency funding
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.
Thames Water takes further steps to put company onto more stable financial foundation
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 Liquidity Extension update – restructuring plan upheld
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.
Thames Water restructuring plan - Court of Appeal told plan should not have been approved
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."
Thames Water in High Court today at start of three day appeal hearing against restructuring plan
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 deems Thames Water's restructuring to be a "distressed exchange"
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.
Thames Water – High Court hearing to secure up to £3bn in additional funding begins today
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 gains 90%+ creditor approval in vote on restructuring plan
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.
News Showcase
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Register for HUBER Technology UK webinar on water intake screens for municipal and industrial applications
HUBER Technology UK & Ireland are inviting people to register for their March webinar where they will be providing information about HUBER water intake screens for municipal and industrial applications. -
Sulzer launches global Water Treatment Center of Excellence for integrated water solutions
Sulzer has launched a new global Center of Excellence (CoE) for Water Treatment Solutions - the CoE consolidates Sulzer’s wastewater treatment expertise in a unified and global manner. -
Pumps prove to be smooth operators for Anglian Water
“SAS (Surplus Activated Sludge) is a bit weird and can do odd things,” says Stuart Chatten, Lead Bioresources Technician at Whitlingham Water Recycling Centre (WRC), one of Anglian Water’s principal centres for processing sewage, serving a population of 400,000. -
Owen Mace takes over as Director of BPF Plastic Pipes Group
Owen Mace has taken over as Director of the British Plastics Federation (BPF) Plastic Pipes Group on the retirement of Caroline Ayres. He was previously Standards and Technical Manager for the group.
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