Pimco Makes 17% Profit on Thames Water Emergency Loan, FT Says

Dow Jones

Mar 11, 2025

--Bond fund Pimco has recorded a 17% paper profit on its portion of 3 billion pounds ($3.86 billion) loan package to utility provider Thames Water, the Financial Times reports, citing U.S. Securities and Exchange Commission filings.

--Pimco and U.S. hedge funds Elliott Management and Silver Point are part of the consortium providing the loan, which has a 9.75% interest rate plus other fees, the FT says.

--The loan is yet to be approved and is being challenged by the utility's junior creditors and a U.K. member of parliament, but bond investors have already begun trading the debt on the basis that it gets approved, the FT reports.

--Pimco declined to comment, the FT says.

Full story: https://shorturl.at/SoIZh

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

March 11, 2025 05:47 ET (09:47 GMT)

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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT","symbol_name":"富兰克林通用信托","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2518713707","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2518713707","pubTimestamp":1741686420,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"--Bond fund Pimco has recorded a 17% paper profit on its portion of 3 billion pounds  loan package to utility provider Thames Water, the Financial Times reports, citing U.S. Securities and Exchange Commission filings.--Pimco and U.S. hedge funds Elliott Management and Silver Point are part of the consortium providing the loan, which has a 9.75% interest rate plus other fees, the FT says.--The loan is yet to be approved and is being challenged by the utility's junior creditors and a U.K. member of parliament, but bond investors have already begun trading the debt on the basis that it gets approved, the FT reports.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"FT":"富兰克林通用信托"},"translate_title":"英国《金融时报》称，Pimco从泰晤士水务紧急贷款中获得17%的利润","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FT":1},"content_text":"--Bond fund Pimco has recorded a 17% paper profit on its portion of 3 billion pounds ($3.86 billion) loan package to utility provider Thames Water, the Financial Times reports, citing U.S. Securities and Exchange Commission filings. \n\n\n  --Pimco and U.S. hedge funds Elliott Management and Silver Point are part of the consortium providing the loan, which has a 9.75% interest rate plus other fees, the FT says. \n\n\n  --The loan is yet to be approved and is being challenged by the utility's junior creditors and a U.K. member of parliament, but bond investors have already begun trading the debt on the basis that it gets approved, the FT reports. \n\n\n  --Pimco declined to comment, the FT says. \n\n\n \n\n\n  Full story: https://shorturl.at/SoIZh \n\n\n \n\n\n  Write to Adam Whittaker at adam.whittaker@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 11, 2025 05:47 ET (09:47 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"merge","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}