Thames Water Seeks Debt Restructuring to Avert Nationalisation

The utility giant is negotiating with creditors and planning a fundraising drive to secure its financial future beyond May 2025.

Thames Water is looking to delay billions in debt repayments and has scheduled High Court dates in November for potential restructuring approval.
The company needs to raise £3.3 billion in fresh equity to avoid running out of funds by May 2025.
Regulator Ofwat's upcoming decision on bill increases will be crucial for Thames Water's ability to attract new investment.
The Labour Government prefers a private sector solution to nationalisation, but contingency plans for special administration are in place.
Thames Water's financial struggles stem from a £16 billion debt load and ongoing disputes with Ofwat over proposed bill hikes.