Thames Water asks creditors for more time on part of £20bn debt
UK’s largest water company proposes extending the deadline for part of its £20bn debt to March 2028 as it scrambles to avoid collapse
Thames Water has asked its creditors for more time to repay billions of pounds in debt, proposing an interim deal that would extend the deadline for an unspecified portion of its £20bn debt pile from 2027 to March 2028, as the company struggles to stay afloat.