{"id":133873,"date":"2024-09-23T08:00:17","date_gmt":"2024-09-23T05:00:17","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/thames-water-creditors-plan-1-bln-pound-lifeline-the-times-reports\/"},"modified":"2024-09-23T08:00:17","modified_gmt":"2024-09-23T05:00:17","slug":"thames-water-creditors-plan-1-bln-pound-lifeline-the-times-reports","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/thames-water-creditors-plan-1-bln-pound-lifeline-the-times-reports\/","title":{"rendered":"Thames Water creditors plan 1 bln pound lifeline, the Times reports"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/133873\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\nCreditors of Britain&#8217;s largest water provider Thames Water are planning to inject more than 1 billion pounds ($1.3 billion) into the utility before the end of the year, The Times reported on Sunday, citing sources.<\/p>\n<p>A group of hedge funds and institutions holding about 10 billion pounds of Thames&#8217; debt believe it needs a stop-gap cash infusion to stabilise the company before it heads for a full restructuring, which may not be completed until the end of next June, the newspaper said, opens new tab.<br \/>\nAdvertisement \u00b7 Scroll to continue<\/p>\n<p>The financing would most likely be in the form of loans or bonds with &#8220;super senior status&#8221; and would charge a high rate of interest, the report said, adding that the status would mean that the lenders would be first to be repaid if the company failed. Thames Water said on Friday that it was in crunch talks with creditors about securing funds to keep it going for the next few months while it seeks to raise the billions of pounds of capital it needs to survive.<\/p>\n<p>The group has net debt of 15 billion pounds and said it had 1.57 billion pounds of liquidity on Aug. 31.<br \/>\nThe company has been teetering on the brink of collapse since its investors called the company &#8220;uninvestible&#8221; in March, blaming the regulator for not allowing it to increase water bills sufficiently.<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.reuters.com\/world\/uk\/thames-water-creditors-plan-1-bln-pound-lifeline-times-reports-2024-09-22\/\">Reuters<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/environmental-news-en\/thames-water-creditors-plan-1-bln-pound-lifeline-the-times-reports\/\">Thames Water creditors plan 1 bln pound lifeline, the Times reports<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[575,4898,16188],"class_list":["post-133873","post","type-post","status-publish","format-standard","hentry","category-news","tag-environmental-news-en","tag-thames","tag-water-creditors"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/133873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=133873"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/133873\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=133873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=133873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=133873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}