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Thames Water gets £365m lifeline before appeal decision

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News and Analysis

Thames Water gets £365m lifeline before appeal decision

Will Macadam's avatar
  1. Will Macadam
•2 min read

Thames Water’s lenders today (14 May) have allowed the company to draw an additional £365m tranche from its £1.5bn bridge financing facility while the company waits on an appeal decision.

More than 94% of the distressed utility company’s bridge facility lenders granted waivers allowing it to access the additional cash, according to a company announcement. Thames Water expects to draw on this latest tranche of funding in the “last few weeks of May”.

Find out more about our Thames Water coverage here — or fill out the form to keep reading this story.

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