Thames Water is desperate for cash. But board should still exploit bondholder rivalry | Nils Pratley

By The Guardian | Nov 4, 2024 at 02:22 PM EST

Thames Water is seeking a £3bn lifeline through a debt-for-equity swap, with two rival creditor groups proposing solutions. The board must carefully evaluate the terms offered by each group to secure the best deal amidst the company's financial struggles.

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