Thames Water creditors including Elliott Management and Apollo Global Management propose £6.6bn financing package to acquire UK's largest water supplier

Type: Financing · Technology: Water Waste · Country: United Kingdom · Announced: 2026-07-07

Senior creditors of Thames Water, including Elliott Management and Apollo Global Management, proposed a £6.6bn financing package to take control of the UK's largest water supplier, serving 16 million customers with £20bn in debt. The London & Valley Water consortium, representing the creditors, offered £3.35bn in new equity and £3.25bn in fresh debt, with potential for additional funding, subject to approval from regulator Ofwat, public consultation, and High Court sign-off. The plan remains viable even if Thames Water enters the UK government's special administration regime, where an administrator would maintain operations during a long-term sale or restructuring. Other potential bidders, such as CK Infrastructure Holdings and Castle Water, have also expressed interest in acquiring Thames Water if it enters special administration. The proposed financing structure aims to stabilize the utility's operations amid financial distress.

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