Thames Water, facing £15 billion debt, may lead to temporary nationalization if debt deals fail.

Thames Water, the UK's largest water supplier, is facing potential insolvency due to its £15 billion debt. Bank of America and JPMorgan, holding financial instruments in Thames Water, have hired Simpson Thacher for legal advice. Thames Water is split over two debt deals from creditors to avoid insolvency, which could lead to temporary nationalization if unsuccessful. The company serves 16 million customers.

November 10, 2024
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