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Firm in £15bn debt books November high court dates in effort to extend ‘liquidity runway’ as future hangs in balance
Thames Water is trying to buy time to avoid running out of funds by rewriting loan agreements with its lenders as its future hangs in the balance, it has emerged.
The troubled water company, which is struggling under £15bn of debts, is attempting to extend its “liquidity runway” after admitting it only has enough cash left to run its operations for eight months, sources have said.
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