Thames Water is facing a massive £750m bill just to alter its financial course💧

With the company buried under a £20bn debt pile, creditors are pushing a massive restructuring plan to prevent emergency nationalisation. However, this new £750m figure isn't for fixing leaks or updating infrastructure, it is entirely for City bankers and advisory fees. The dramatic move would wipe out current shareholders and pass the reins to bondholders. While the upfront costs are eye-watering, it could be the only way to protect the British taxpayer from taking on the burden. Tune in to Business As Usual, brought to you by Okta. #ThamesWater #BusinessNews #CorporateDebt #FinanceTrends #UKInfrastructure #CityAM