On 24th April 2026 Thames Water announced that the ninth set of consent requests for further funding had been approved by its creditors.

Thames Water Utilities Ltd has so far drawn £1.836 billion of the £2.25 billion available under the super senior facility entered into with its subsidiary, Thames Water Super Senior Issuer PLC.

As previously announced, TWUL and the Super Senior Issuer have secured commitments of £823 million, being the first £750 million tranche of the Accordion plus a shortfall amount of c. £73 million, which brings the total amount which is available and undeferred under the Facility to £2.25 billion.

Funding of the New Commitments remains subject to the satisfaction and/or waiver of relevant conditions precedent, some of which, as at today, have not yet been satisfied and/or waived in full, including having a supported lock-up agreement ( LUA) in place in respect of a second restructuring plan (RP2) and that the CMA Reference Decision Condition is satisfied.

The Tenth Consent Request has a voting date of 2 June 2026 and follows nine previous sets of consent requests which were approved by creditors. Voting may close earlier if the requisite majority of super senior creditors vote in favour of the Tenth Consent Request before the voting date.

If the Tenth Consent Request is approved, TWUL would expect to launch a further set of consent requests in due course.

Thames Water says it continues to work closely with stakeholders to secure a market-led solution.