Court of Appeal Upholds Thames Water's £3 Billion Rescue Loan Approval

The decision prevents the UK's largest water utility from falling into government administration as it faces mounting debt and operational challenges.

The Court of Appeal dismissed appeals challenging the High Court's approval of a £3 billion emergency funding plan for Thames Water.
The rescue loan, provided by senior creditors, is intended as a short-term measure to keep the utility solvent before a larger restructuring later this year.
Critics, including a group of secondary creditors and MP Charlie Maynard, argued the loan terms were too costly and favored major lenders, but the court upheld the original ruling.
Thames Water, which serves 16 million customers, is burdened with at least £16 billion in debt and was at risk of running out of cash within weeks without the funding.
The company has faced widespread criticism over sewage spills, high executive pay, and insufficient infrastructure investment, while water bills are set to rise significantly in the coming years.