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Thames Water receives £3 billion loan to prevent bankruptcy, facing £16 billion debt.
Thames Water, England's largest water provider, has been granted a £3 billion emergency loan by a High Court judge, staving off potential bankruptcy.
The utility, serving 16 million customers, is in about £16 billion of debt and needed funding to avoid running out of cash by March.
The loan, approved despite concerns over a 9.75% interest rate, aims to support the company's ongoing turnaround and infrastructure improvements.
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Thames Water recibe un préstamo de £3 mil millones para evitar la quiebra, enfrentando una deuda de £16 mil millones.