Thames Water Secures £3 Billion Loan to Avoid Collapse

Court of Appeal dismisses challenges to emergency funding plan, giving the UK’s largest water supplier temporary financial stability.

Thames Water's £3 billion emergency loan was upheld by the Court of Appeal, rejecting objections from environmental campaigners and junior creditors.
The funding, approved at a 9.75% interest rate, will provide the company with £1.5 billion immediately and another £1.5 billion contingent on conditions being met.
The loan is expected to sustain Thames Water until 2026, buying time for debt restructuring and new equity investment.
Critics argue the high costs of the loan are not in the public interest and that temporary nationalization would be a more cost-effective alternative.
Thames Water remains under financial strain with £19 billion in debt and is seeking approval to increase customer bills to support its turnaround efforts.