Thames Water Seeks Support for £1.5 Billion Rescue Plan

Creditors urge wider participation to stabilize UK's largest water supplier amid financial crisis.

Thames Water faces potential collapse with over £15 billion in debt and a lack of new equity investment since March.
A creditor group including BlackRock and M&G has proposed a £1.5 billion funding lifeline to keep the company operational until October 2025.
The proposed deal requires 75% approval from all debt classes, with a court hearing set for December 17.
Rival Class B bondholders have criticized the deal, proposing an alternative plan not endorsed by Thames Water.
Public discontent is growing over pollution, rising bills, and executive pay, highlighted by a 15,000-strong protest in London.