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Recapitalisation Update - Class B Ad Hoc Group

9th Oct 2025 14:45

RNS Number : 7947C
Thames Water Utilities Limited
09 October 2025
 

Thames Water Utilities Limited

9 October 2025

Recapitalisation Update - Formation of Class B Ad Hoc Group

 

On 2 October 2025, the London & Valley Water consortium ("London & Valley Water" or "LV&W") announced the submission of its proposal to Ofwat to deliver the turnaround, transformation and recapitalisation of Thames Water (the "L&VW Proposal"). This proposal remains subject to ongoing discussions with Thames Water, Ofwat and other regulators.

London & Valley Water is a large consortium of Class A Creditors of Thames Water comprising pension funds, insurance companies, asset managers and investment funds, which has been progressing discussions for the recapitalisation of the business. L&VW has been established for the purpose of developing and delivering the L&VW Proposal.

In order to progress discussions in regard to the L&VW Proposal, Thames Water invites holders of its Class B debt to form an ad hoc group of lenders. Holders of Class B debt are encouraged to contact Rothschild & Co, as Financial Adviser to Thames Water, to express interest and receive further details, including confidentiality arrangements.

For further information

Rothschild & Co

[email protected]

 

LEI: 213800JKM5UQHFJOTZ25

 

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