The struggling utility company said yesterday that 75% of the holders of its least risky loans - known as class A debt - had backed a plan to extend the cash lifeline, the minimum threshold needed to receive court approval for changes to its debts.
Thames faces the prospect of temporary nationalisation if it ultimately collapses, and the emergency funding would help the company avoid a short-term cash crunch.
The support will smooth the path for court hearings to decide whether to approve the deal.
Another group of creditors, who hold riskier class B debt, have offered a competing deal, but Thames has so far endorsed the class A offer. It said reaching the 75% threshold meant that it could push ahead with a first court date on 17 December.
Denne historien er fra November 14, 2024-utgaven av The Guardian.
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Denne historien er fra November 14, 2024-utgaven av The Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Rise lays bare the risks ahead for Labour
Any lingering hope that the Bank of England might deliver a pre-Christmas interest rate cut next month evaporated yesterday after official data showed inflation jumped to 2.3% in October.
'My way as a manager was taught by Bobby Robson'
George Burley is enjoying Ipswich's revival having reached great heights there more than 20 years ago
Tuchel takes goalkeeping coach Hilario from Chelsea
Thomas Tuchel's backroom staff has been bolstered by the addition of Henrique Hilario, who is ending his 18-year association with Chelsea to become England JS new goalkeeping coach.
Kosovo to take Uefa to Cas after Romania awarded points
Kosovo are preparing an appeal to the court of arbitration for sport (Cas) after Uefa handed them a 3-O defeat for walking off the field during Friday's Nations League tie against Romania in Bucharest, which was eventually abandoned when they elected not to return.
Staying power No relegation break clause in Guardiola's new City contract
Pep Guardiola's new one-year contract with Manchester City does not contain a break clause should the club be relegated from the Premier League if found guilty of financial wrongdoing by an independent commission.
Lopetegui's future to be decided in next two games
Julen Lopetegui is facing two make-or-break games at West Ham, who have used the international break to explore potential replacements.
City's empire faces a set of challenges that will test Guardiola's genius
After signing deal, manager is left with an ageing squad as threat of Premier League punishment looms large
Curry changing his technique to avoid more concussions
England are making changes to Tom Curry's all-action technique to ensure his safety after he returned to the fold for Sunday's clash with Japan following his latest concussion.
Sacking me won't help Wales, insists Gatland in plea for patience
The last rites, if that is what they are, are going to drag on a while longer yet. Warren Gatland has reiterated that he would resign as head coach if it were \"in the best interests of Welsh rugby\", while also making it Very clear that in his opinion it is not.
Bronze takes 65 seconds to fire Chelsea into last eight
Chelsea cruised into the knockout stages of the Champions League with two games to spare at Stamford Bridge.
