A group of Thames Water lenders have put forward plans for a multibillion-pound rescue deal of the troubled supplier that would see them pump in new cash but ask for leniency in how it is regulated.
Creditors including US and UK investment firms – such as Aberdeen, Elliott Management and BlackRock – have submitted a plan to regulator Ofwat to overhaul £17 billion of Thames Water’s debts, including investing another £3 billion in new equity and a further £2 billion of funding.
