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Utility struggling with £15bn debts books November high court dates in effort to extend ‘liquidity runway’ Business live – latest updatesThames Water is trying to buy time to avoid running out of funds by rewriting loan agreements with its lenders as its future hangs in the balance, it has emerged.The troubled water company, which is struggling under £15bn of debts, is attempting to extend its “liquidity runway” after admitting it only has enough cash left to run its operations for eight months, sources have said. Continue reading…
Utility struggling with £15bn debts books November high court dates in effort to extend ‘liquidity runway’
Business live – latest updates
Thames Water is trying to buy time to avoid running out of funds by rewriting loan agreements with its lenders as its future hangs in the balance, it has emerged.
The troubled water company, which is struggling under £15bn of debts, is attempting to extend its “liquidity runway” after admitting it only has enough cash left to run its operations for eight months, sources have said.
