01:25 PM EST, 02/25/2025 (MT Newswires) -- KKR (KKR) and Castle Water were asked for more details on their bids for the UK's Thames Water, Bloomberg reported Tuesday, citing people familiar with the matter.

KKR and Castle both made nonbinding offers to help turn around the debt-laden Thames Water by injecting about 4 billion pounds ($5.1 billion) into the utility, Bloomberg said.

An offer from Covalis Capital, which is also a junior creditor of the utility, is less favored, the report said, citing some of the people.

KKR, Castle, Thames Water and Covalis declined to comment, Bloomberg said.

The companies didn't immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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