Thames Water Utilities needs bondholder consent for tunnel project

By Susanna Moon

Chicago, April 16 - Thames Water Utilities Ltd. said it plans a consent solicitation to amend its bonds for the implementation of the Thames Tideway tunnel project.

The company has developed a proposed delivery model for the project with Ofwat and the government, which would have unintended technical accounting consequences on its financial accounts, according to a news release.

Thames Water plans to amend the finance documents to accommodate the accounting consequences and allow the implementation of the project, the company said.

The company is based in Reading, England.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.