Thames Water creditors offer £6.55bn in new debt to take formal control
Deal requires agreement with regulators and government and could take a number of months to conclude
Deal requires agreement with regulators and government and could take a number of months to conclude

The water industry regulator should not let the utility’s bondholders take control too easily

Any amendment of key figures would come at a sensitive time for the troubled utility

Clock is ticking on approving creditors’ emergency offer for utility as October deadline looms

Cost adds to multimillion pound fees billed by advisers trying to secure utility’s future

Ofwat’s new powers enable it to backdate veto on awards for CEOs and CFOs at poorly performing water companies

Embattled utility undershot cash flow goal to trigger awards for Chris Weston and other managers