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Thames Water: Restructuring
Thames Water's creditor consortium (Apollo Global Management, Elliott Management, Farallon Capital, Silver Point Capital) holding £17bn of £21bn debt is negotiating a revised £3.35bn equity injection + £6.25bn new borrowing proposal with the UK government. Company expects to run out of cash before end of year without long-term funding solution. Creditors preparing contingency legal strategy.
Source: City AM
The leadership read
Restructuring typically reshapes the sector leadership bench strength toward transformation and turnaround capability.
Market context: MitchelLake's Talent Market Index sits at 107.2 (Hot), down 1.8 on the prior month; EMEA hiring signal is running easing (-6.4pts).
Thames Water: 2 signals in the last 90 days; 0.1% of MitchelLake's EMEA signal flow; 2 tracked across 60 days.
From the MitchelLake archive
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