Thames Water Utilities Limited

Legal Proceedings Report • Dec 16, 2024

National Storage Mechanism | Additional information

RNS Number : 2898Q

Thames Water Utilities Limited

16 December 2024

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 ).

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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 [email protected] with questions on how to accede to the TSA.

For further information

Investor enquiries

Frederick Maroudas - Director of Corporate Finance

[email protected]

Media enquiries

Suvra Jans - Head of Media Relations

[email protected]

M: 07747 640 810

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