Thames Water secures $3.9B loan to keep it afloat through October 2025

Oct. 25 (UPI) -- Britain's embattled Thames Water, the country's largest water utility, announced Friday it had secured a $3.9 billion line of credit, access to cash reserves and extensions on its debt to keep it afloat through October 2025 after regulators capped bill rises.

The company, which serves 16 million homes and businesses in London and the southeast, said in a news release that it had launched a "consent process" on a transaction support agreement with its creditors and shareholders that if approved would provide a significant boost to Thames Water's "liquidity runway."

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