Water Secures £3bn Loan and Delays Bill Appeal Amid Investor Talks

The UK’s largest water provider seeks to finalize a deal with one of six potential investors by June 2025 as it works towards financial stability and recapitalization.

Thames Water has delayed its appeal to the CMA for higher customer bill increases by 18 weeks to focus on investor negotiations.
The company has received six investment offers and aims to finalize a bidder by June, with recapitalization targeted for September 2025.
A £3bn emergency loan from existing creditors has been secured to prevent immediate financial collapse.
Thames Water is burdened by nearly £20bn in debt and faces public criticism for environmental harm, including a sharp rise in raw sewage discharges.
Ofwat has approved the delay in the CMA appeal, supporting Thames Water's efforts to stabilize its finances and secure a buyer.