BRIEF — Thames Water Reaches Agreement With Majority Class B Debt Holders For Recapitalisation

Oct 16 (Reuters) — Thames Water Utilities Ltd: Thames Wtr Util. Ltd - Recapitalisation Update - Class B Creditors Thames Water Utilities - Enters Deal Support Agreement With Class A And Class B Creditors Thames Water Utilities - Recapitalisation Terms Contemplate Full Write-off Of Class B Debt Thames Water Utilities - Class B Creditors Have Right To Participate In £150 Million Of New Equity Thames Water Utilities - Class B Tsa Entered On Oct 16 With Creditors Holding Over 60% Of Class B Debt Thames Water Utilities - Class B Creditors To Receive 5.9% Participation Rights In Additional New Debt Or Preferred Equity Thames Water Utilities - Twuhl Intends Interim Deal To Extend Senior Debt Maturities And Stable Platform Period Thames Water: Intends To Continue Servicing Interest Payments On Class A & Class B Debt In Full In Cash Up To Completion Date Of Any Recapitalisation Thames Water Utilities Ltd: Company Is In Constructive Discussions With Its Stakeholders About Spp Extension Transaction Thames Water Utilities Ltd: Current Terms Of Recapitalisation Continue To Contemplate A Write-off In Full Of Class B Debt Thames Water Utilities Ltd: Entered Support Agreement With Certain Class A