From Yahoo Finance: 2025-06-06 15:17:00

U.S. investment firms Silver Point Capital and Elliott Management are working on a 10-billion-pound rescue package for Britain’s Thames Water, aiming to stabilize the utility’s finances with a major debt overhaul and an equity boost of 3 to 4 billion pounds. The plan includes a multi-billion-pound haircut for senior creditors. Thames Water faces public backlash and nationalization threats amid concerns over pollution and high bills.($13.53 billion)

Thames Water faces a major setback as U.S. private equity firm KKR withdraws from a multi-billion-pound rescue plan, increasing the urgency for a new deal. The rescue package, led by Silver Point Capital and Elliott, aims to address the root causes of Thames Water’s financial troubles and rebuild customer trust. The utility company did not comment on the latest developments.

The rescue package proposed by Silver Point Capital and Elliott Management for Thames Water includes significant debt restructuring and an equity boost of 3 to 4 billion pounds. The plan is part of a long-term turnaround strategy to restore the company’s balance sheet and address fundamental issues. Thames Water’s future remains uncertain amid public dissatisfaction with the privatized water sector in Britain.



Read more at Yahoo Finance: UK’s Thames Water set for over $13.5 billion rescue deal by Silver Point and Elliott, Bloomberg News reports