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Thomas Cook Group Plc Announces Capital Refinancing


Thursday, 16 May 2013 02:01am EDT 

Thomas Cook Group Plc announced on May 16, 2013 a GBP 1.6 billion capital refinancing plan to support the continuing transformation of Thomas Cook. The refinancing comprises a GBP 691 million new banking facilities agreement through to May 2017, a fully underwritten GBP 425 million placing of new ordinary shares and rights issue as well as a fully underwritten GBP 525 million new bond issue maturing in 2020. The placing and rights issue is subject to shareholder approval at a general meeting expected to be held on June 3, 2013. 

Company Quote

122.9
0.9 +0.74%
19 Sep 2014