Thames Water is seeking to raise new debt funding for a rescue plan in the coming weeks as it pushes ahead with efforts to stabilise its finances.
Britain’s largest water company is preparing to publish a five-year spending plan and approach lenders over the fundraising even as it struggles with a debt pile of £15.6 billion, The Guardian reported.
The company’s executives will hold a meeting to discuss the plan this week and may publish the proposals on Friday as they come under pressure to present a rescue plan to Ofwat, the water regulator.
• Why is Thames Water in so much debt? This is what went wrong
Thames Water, which supplies water to almost 10 million people across London and the Thames Valley and
