{"id":116727,"title":"Thames Water has cautioned that its available funds will run out by May 2025.","publisher":"Share Talk","author":"sharetalk","published":"2024-09-20T07:04:04+00:00","modified":"2024-09-20T07:04:04+00:00","canonical_url":"https://www.share-talk.com/thames-water-has-cautioned-that-its-available-funds-will-run-out-by-may-2025/","markdown_url":"https://www.share-talk.com/thames-water-has-cautioned-that-its-available-funds-will-run-out-by-may-2025.md","json_url":"https://www.share-talk.com/thames-water-has-cautioned-that-its-available-funds-will-run-out-by-may-2025.json","category":"B2B","categories":["B2B","Blogs","Technology","Technology, Media & Telecoms"],"tags":["Alastair Cochran","Allied Irish Bank","CEO","City of London","Environment Select Committee","Insolvency","Kemble Water Finance","London","Macquarie Group","Ofwat","Sarah Bentley","Slaughter & May","Thames Water","utility operation","water"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/12/Thames-Water-5_12_23.jpg?fit=1200%2C800&quality=89&ssl=1","format":"news","language":"en-GB","content":"Thames Water has warned that its cash reserves will be depleted by May 2025 unless a refinancing deal is reached with lenders.\n\n“We are exploring various options to extend our liquidity runway,” a company source told the Guardian. “This includes postponing some repayment deadlines to lenders.”\n\nThe troubled London water supplier risks nationalisation if it does not address its more than £15 billion in outstanding debt.\n\nThames Water announced today that it has £1.57 billion in available liquidity, expected to sustain the company until next May.\n\n[Thames Water disburses £196 million in dividends while its debts exceed £15 billion.](https://www.share-talk.com/thames-water-placed-under-special-measures-as-bills-increase-by-22/#:~:text=Thames%20Water%20disburses%20%C2%A3196%20million%20in%20dividends%20while%20its%20debts%20exceed%20%C2%A315%20billion.)\n\nThe company is also exploring options for equity financing.\n\n“We, along with our financial stakeholders, are evaluating ways to extend our liquidity runway to allow time for a recapitalisation transaction,” Thames Water said in a statement.\n\n“At the same time, we are continuing contingency planning as part of good corporate practice.”"}