Thames Water Provides CMA Reference Deferral Update
The water utility provides an update on the deferral of its CMA reference, as discussions continue with creditors and regulators.
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The water utility provides an update on the deferral of its CMA reference, as discussions continue with creditors and regulators.
The water utility company is inviting holders of its Class B debt to form an ad hoc group to discuss the proposed recapitalisation plan.
The utility company has received approval from creditors for its Fourth Consent Requests, allowing it to proceed with the outlined consents.
The utility company has launched a fourth set of consent requests to its super senior creditors regarding a payment plan agreed with the regulator.
The utility company has agreed a payment plan with the regulator Ofwat for penalties related to its wastewater business and dividend payments.
The water utility company has completed the implementation of a liquidity extension transaction, securing funding to meet its forecast needs until at least mid-December 2025.
The utility company has published its annual financial statements for the year ended 31 March 2025.
The utility company has published its annual financial statements for the year ended 31 March 2025.
The water utility has agreed with its regulator to defer a request to have its regulatory determination referred to the CMA for further review, in order to continue discussions on a market-led solution for the company's recapitalisation.
The utility giant faces severe financial challenges, reporting a £1.6 billion loss and grappling with mounting debt. Regulatory pressures and liquidity issues compound the company's troubles, overshadowing modest revenue growth.