BlackRock, Elliott Among Thames Creditors Leading Crisis Talks

A group of Thames Water’s creditors including BlackRock Inc. and Elliott Investment Management LP formed a coordination committee as talks kicked off with the struggling utility over options to restructure its debt load, according to people familiar with the matter.

The committee formed last week is part of a larger group of creditors who are being advised by investment bank Jefferies and law firm Akin Gump, said the people, who asked not to be named discussing private information. The broader group holds about £8.5 billion ($10.9 billion) of Thames Water debt.

The coordination group is a sign that talks ...