Thames Restructuring
Any thoughts/insights on Thames newest Rx plan? How deep are Elliott/SP on this? Understand they are effectively the owners but they need to carry this plan ahead or they can get wiped out if the state takes control. 20bn capex plan and 3-4bn additional to be paid, is there any upside at all for the creditors (now equity holders)?
Thanks
Very ignorant to Rx here.
Since the creditors became equity holders, was Thames Water as simple as an initial issuance of a convertible loan, or was this some sort of LME where debt was converted to equity.
And typically in a scenario where debt is converted to equity (without the loan originally being a convertible) is this equity conversation at par, or is there typically some discount or increase given the situation? Cheers
Molestiae et blanditiis perspiciatis nihil. Voluptatibus quasi quod architecto. Id aut commodi nisi quis ratione nihil. Dicta voluptas eligendi sapiente sequi non. Veniam vel dolores sed est possimus.
Inventore quia fugiat neque temporibus. Voluptatem labore facilis autem nam hic. Reiciendis vel rerum voluptatem quo quia quidem dolorem. Eum amet distinctio nisi nihil eos. Alias voluptas sit ratione non placeat similique.
Aut sapiente illum sapiente a sed et eos. Rerum a facere eaque ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...