Thames Water's Debt Crisis Plan
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•Thames Water backers in funding drive to dodge special administration - reports
70% Informative
UK ’s biggest water company is struggling under an 18.7bn debt crisis.
It is in talks with lenders to provide it with fresh funding to address its debt pile.
Some 90 creditors with 9bn of debt at Thames’ operating company are working on their own backstop in the hope of stopping the company entering 'special administration'.
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