Thames Water may get just £500m in usable cash by borrowing £1.5bn, court told
MP opposing debt package tells court that hundreds of millions of pounds would go on fees and interest costsStruggling Thames Water may gain less than £500m in usable cash while taking on £1.5bn in emergency debt because of expensive fees and interest costs, the high court has heard.Thames Water is seeking approval from the court for a restructuring deal with existing creditors that would provide £1.5bn in immediate financing, potentially rising to £3bn, to stave off collapse by the end of March. Continue reading...
MP opposing debt package tells court that hundreds of millions of pounds would go on fees and interest costs
Struggling Thames Water may gain less than £500m in usable cash while taking on £1.5bn in emergency debt because of expensive fees and interest costs, the high court has heard.
Thames Water is seeking approval from the court for a restructuring deal with existing creditors that would provide £1.5bn in immediate financing, potentially rising to £3bn, to stave off collapse by the end of March. Continue reading...
