Thames Water launches its ninth request for funds

(by Verity Mitchell)

Thames Water has launched a ninth set of funding consent requests from its super senior creditors.

It has requested they: extend the June release condition to 30 April 2026; and make further amendments to the facility which (among other things) would change the dates and amounts of scheduled drawdowns to reflect Thames’ anticipated liquidity needs.

If granted, this will allow Thames to draw a further £205m in April 2026. These latest requests have a voting date of 23 April 2026 and follow eight previous sets of consent requests which were approved by creditors.

Thames has so far drawn £1.63bn of the £2.25bn available under the super senior facility.