KKR (KKR) will enter the phase 2 diligence stage of Thames Water Utilities' equity raise process after the utility company selected the investment firm as its "preferred partner" in recapitalizing, according to a Monday statement.
While talks over aspects of the deal are ongoing, Thames Water said KKR's proposal includes terms that indicate a "material impairment" in its class A debt.
The company aims to reach an agreement with KKR in Q2 and complete its recapitalization in the second half of the year but flagged that there is no guarantee that any transaction will be completed.
KKR did not immediately respond to MT Newswires' request for comment.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。