Thames Water creditors back plan to defer debt repayments to March 2028
Thames Water said creditors holding more than £12 billion of secured debt backed a proposal to extend repayments due in 2027 to March 2028. The plan still requires approval through a court-supervised restructuring process and would allow more time for broader rescue talks without committing the utility to a particular recapitalization. Creditors are set to vote in December, with a court approval hearing scheduled for January.