Thames Water Creditors Pitch Improved Rescue Offer to Ofwat

Creditors of the embattled UK water utility have proposed a revised rescue package, featuring increased equity injections and expanded debt commitments to stabilize the company’s finances. The improved offer follows months of negotiations amid Thames Water’s liquidity crisis, with regulators and stakeholders pressing for a sustainable solution to prevent collapse. Key changes include a larger upfront equity infusion—though exact figures remain undisclosed—alongside extended debt terms to ease short-term financial pressure. The proposal targets Ofwat, the UK water regulator, which must approve any restructuring plan before implementation, with creditors seeking faster regulatory sign-off. The move reflects growing urgency as Thames Water faces mounting operational costs, debt burdens, and scrutiny over infrastructure failures, risking broader sector instability.