Overview

• 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.