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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
KKR & Co is reportedly in discussions to participate in a share sale for Thames Water Utilities Ltd., which aims to raise approximately £3 billion ($3.9 billion). The process is being managed by Rothschild & Co., with KKR having accessed a data room for potential investors. The investment firm has not commented on the matter.
Thames Water Utilities Ltd. faces a crisis as bondholder unity collapses amid plans to secure £3 billion in liquidity under unfavorable terms. With £16 billion in debt and dwindling cash reserves, the company must raise equity or restructure its liabilities, but clarity on the regulatory framework is needed before proceeding. As £500 million in liquidity runs out, Thames requires immediate cash to sustain operations through 2025.
Thames Water Utilities Ltd. has proposed raising up to £3 billion from creditors to avert entering special administration early next year. The UK's largest water and sewage provider aims to secure additional borrowing, extend maturing debt, and access cash reserves to maintain operating capital through December.
Thames Water Utilities Ltd.
Companies
British Pound Sterling
KKR & Co. Inc.
Rothschild & Co. SCA
Thames Water Utilities Ltd.
GBR
Rothschild & Co
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