Thames Water creditors are planning to inject more than £1 billion ($1.33 billion) into the utility before the end of the year to help to get its finances in order, The Times reported, citing sources it didn’t identify.

Creditors of Britain's largest water provider Thames Water are planning to inject more than 1 billion pounds ($1.33 billion) into the utility before the end of the year, The Times reported on Sunday,

Plans to inject £1billion into Thames Water before the end of the year will provide a lifeline as it works to stabilise its finances. Hedge funds and institutional investors holding approximately £10billion of the water company's debt believe the firm requires an interim cash injection to maintain operations and prepare for a comprehensive