Thames Water Speaking to Creditors Daily in Race to Fix Finances
A rescue hinges on negotiations with the creditors — including the likes of Apollo Global Management, Elliott Management and Silver Point Capital — and regulator Ofwat, and both sides will have to make concessions. Britain's largest water and sewage utility needs to restructure almost £20 billion ($27.2 billion) of debt and raise fresh equity, and it's running out of time to do so.
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