Thames Water is seeking creditor approval to draw down an additional £157 million from a £1.5 billion emergency loan facility in July 2025.
Britain’s largest water company has already drawn down £715 million from the same facility. The company said the funds are needed to maintain operations and avoid the possibility of being placed under special administration by the government, but it needs approval from its super senior creditors to access the additional funds.
In a statement, issued on Monday 30 June 2025, Thames Water asked super senior creditors – those whose debt holds the highest priority in a company’s capital structure – to extend a deadline and waive certain conditions so it can continue to access the loan.
