UK’s Thames Water starts process to unlock £823 million of new debt
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Thames Water, the UK's largest water supplier, is set to unlock £823 million in new debt as part of its financial recovery plan. Despite facing nearly £20 billion in debt and criticism over sewage pollution, creditors have agreed to provide additional funding. The company is also negotiating a potential £7.5 billion debt write-off, but discussions with the government are ongoing. Thames Water has already utilized £1.4 billion from a liquidity facility and may face temporary nationalization if a long-term restructuring is not achieved.
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