Thames Water won crucial support from creditors to move forward with its plan to raise £3 billion in emergency funding.
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The heavily indebted utility company has agreed a deal for £3 billion in extra funding, but it needed 75% of its senior ...
Thames Water said creditors holding more than 75% of its class A debt had backed an agreement in support of a funding ...
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Thames Water still needs it to be passed in court though, and is aiming for a December 17 hearing. The company said in a statement that reaching the three-quarters mark represents "an important ...
The creditor group offering Britain's Thames Water a 1.5 billion pound ($1.95 billion) funding lifeline urged others to back its plan on Monday, a week before a participation deadline.
Creditor wants to serve subpoenas to collect information Darjean’s attorneys stated the bankruptcy case "really is a two-party dispute" between Darjean and Shilo Sanders. They noted Shilo filed ...
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An involuntary bankruptcy can be a powerful tool in a creditor’s arsenal. Involuntary bankruptcies are rarely filed, however, because of ...