Two classes of creditors, group A bondholders and group B bondholders, are offering high-interest £3bn rescue packages intended as a liquidity lifeline as the company burns through cash while seeking to restructure its debts.
Thames is labouring under an unsustainable £15bn debt after years of paying hefty dividends as well as fines for pollution infractions. Its shareholders, which include the UK academics' pension fund and international investors from China, Canada and Abu Dhabi, have labelled the company "uninvestible" and refused to put in more money.
That has left Thames heading for a restructuring expected to wipe out shareholders and allow its lenders to seize the company - or force it into temporary state ownership.
Denne historien er fra November 11, 2024-utgaven av The Guardian.
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Denne historien er fra November 11, 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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West Ham look to Conceicao as Lopetegui pressure grows
West Ham are considering Sergio Conceicao as a replacement for Julen Lopetegui, whose future as manager is under growing pressure after his team's 5-2 defeat at home against Arsenal last Saturday.
Van Nistelrooy's 'hurt' New Leicester manager stung by his enforced United exit
New Leicester manager stung by his enforced United exit
'So far so good' Coach perfect fit for Reds, says captain
Virgil van Dijk believes Liverpool found the \"perfect match\" for their tight-knit, experienced squad when appointing Arne Slot as Jürgen Klopp's successor.
Definitely maybe: Slot looks imperious at Anfield but could Guardiola be forced from Etihad?
Perhaps the most extraordinary aspect of Sunday afternoon at Anfield was how ordinary it all felt. Everybody came for something apocalyptic and what they got was a league game that felt like pretty much any other league game in which Liverpool beat a side who aren't as good as them.
Van Dijk still Liverpool's spirit animal as City's decay deepens
Imperious defender is central to Slot's success and makes a stark contrast to Haaland's struggles in City's attack
Yoro in line for overdue Manchester United debut
Ruben Amorim has revealed \"special talent\" Leny Yoro could make his Manchester United debut at Arsenal tomorrow evening.
Saudi Arabia seals more than 900 sponsor deals amid World Cup drive
Saudi Arabia has struck more than 900 sponsorship deals across the sporting landscape and made dozens of formalised agreements with football federations as it prepares for a controversial coronation to host the 2034 World Cup.
Wiegman ready to make Lionesses 'uncomfortable' in Euro 2025 push
Sarina Wiegman says she has wanted England's players to feel uncomfortable so they can learn new things before Euro 2025.
Amorim's FA Cup bow comes at Arsenal in 2005 final rerun
The FA Cup holders Manchester United enter the fray at next month's third-round stage with a visit to the record 14-time winners Arsenal, in a repeat of the 2005 final.
All Women's Championship matches to be streamed live
Every Women's Championship match will be streamed live on the league's YouTube channel from next season onwards, the Guardian can reveal.
