Thomas Cook’s £1.6bn refi plan brings new loans, bonds, equity

Thomas Cook has announced a £1.6bn capital refinancing plan, including bank facilities, a new high yield bond and a rights issue. The package will repay all the UK travel operator’s bank debt and earmarks some proceeds for 2015 maturities.

  • 16 May 2013

Thomas Cook plans to raise £425m with an equity placing and rights issue, as part of the refinancing which could lead Standard & Poor’s and Fitch to raise their B-/B- ratings.

The company has signed £691m of new bank facilities. These comprise a £300m 2017 revolving credit facility; £200m ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,665 23 13.02
2 Citi 5,781 17 11.29
3 BNP Paribas 3,530 14 6.89
4 Barclays 2,853 9 5.57
5 Credit Suisse 2,783 8 5.44

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 99,250.27 279 13.13%
2 Bank of America Merrill Lynch 91,648.43 266 12.13%
3 Wells Fargo Securities 72,661.39 222 9.61%
4 JPMorgan 52,367.24 169 6.93%
5 Credit Suisse 41,885.89 127 5.54%