Thames Water lenders ponder easing repayment terms as it fights to survive

Troubled company seeks fresh terms and confirms it only has immediate access to about 1.6bn

Some of Thames Water's biggest lenders are considering easing repayment terms as the company fights for survival.

The step on the road to a potential restructuring comes as the UK's biggest water supplier is scrambling to shore up its finances. It has said it has enough cash to keep its operations running until the end of May next year.