Fees represent an additional drain on finances of troubled UK utility as customer bills are set to rise
UK regulator to block executive bonuses at companies including Thames Water because of performance issues
Mooted £3bn loan will hit customers and drain troubled utility’s resources, warn experts
Three-quarters of top ranking lenders approve expensive plan to avert cash crunch
Billionaire chief of Tesla and X looks set to take up influential adviser role in White House
Rival groups of bondholders are vying to extend loans to the troubled UK utility
Junior creditors say their financing would come with cheaper and more flexible terms
Bond issue documentation shows UK utility under pressure over high financing costs
The UK’s largest water and sewerage provider is struggling with a £19bn debt load
Decision comes after troubled UK utility reached tentative deal on £3bn of emergency financing
Thames Water stinks out the sector
Castle Water’s plans for the troubled utility include an eventual IPO
New debt would involve 9.75% interest charges as utility group seeks to stave off nationalisation
Environment secretary says new commission will consider all options regarding water regulator
Lower-ranking creditors complain to utility they have been cut out of restructuring negotiations
Sector suffering ‘diminishing investor confidence’ while needing major investment, says rating agency
Writedown comes as UK government is hoping to attract institutional investors
Interested shareholders say they have been unable to access the books as troubled utility races to raise cash
Plus, Citi leans into private credit with new $25bn partnership and a huge dividend recapitalisation tests the market
S&P and Moody’s cut ratings by five notches as utility struggles to refinance
UK utility’s hopes of avoiding renationalisation are disappearing fast
Utility must extend £530mn credit facility due in two weeks to have enough cash to last into 2025
Groups allegedly under-reported scale of their sewage pollution
The troubled UK utility is going to the High Court to request a deal with its creditors
Lenders including US hedge fund Elliott in talks over back-up plan as UK’s largest utility struggles to raise equity
