Thames Water Utilities Limited
16 December 2024
Liquidity Extension Update – Convening Hearing Date and Time
Thames Water Utilities Limited (“TWUL”) confirms the details of the convening hearing (the
“Convening Hearing”) in relation to the restructuring plan proposed by Thames Water Utilities
Holdings Limited (the “Plan Company”) pursuant to Part 26A of the Companies Act 2006 (the
“Plan”) in connection with implementing the liquidity extension transaction (the “Liquidity
Extension Transaction”) as follows:
Date: 17 December 2024
Time: 10:30am
Location: 7 Rolls Buildings, Fetter Lane, London EC4A 1NL
The Convening Hearing is for an order granting the Plan Company certain directions in relation
to the Plan, including permission to convene a number of meetings of creditors of the Plan
Company affected by the Plan (the “Plan Creditors”) for the purposes of considering, and, if
thought fit, approving the Plan.
The Plan Creditors have the right to attend in person or through counsel and make
representations at the Convening Hearing.The time of the Convening Hearing will also be posted on the Plan Website
(https://deals.is.kroll.com/thameswater).
Background
TWUL announced the launch of a liquidity extension transaction (“Liquidity Extension
Transaction”) and a transaction support agreement (“TSA”) on 25 October 2024.
As at 16 December 2024, over 75% by value of the Class A Debt (Make-Whole) Providers, the
Class A Debt (Non-Make-Whole) Providers and the Currency Hedging Providers have acceded
to the TSA.
Creditors are encouraged to accede to the TSA by the record date for the Plan to access a
non-cash consent fee (capitalised in its respective position in the waterfall). Creditors should
contact the Lock-Up Agent (as defined in the TSA) at thameswater@is.kroll.com with questions
on how to accede to the TSA.
For further information
Investor enquiries
Frederick Maroudas - Director of Corporate Finance
debt.investorrelations@thameswater.co.uk
Media enquiries
Suvra Jans - Head of Media Relations
suvra.jans@thameswater.co.uk
M: 07747 640 810