Thomas Cook banks grant 2015 maturity extension

Lenders to Thomas Cook have agreed to extend the maturities and relax financial covenants on the company’s £1.4bn of loans to give the UK travel agency more flexibility to resurrect its business.

  • 11 May 2012

There are no fixed repayments on the loans, but Thomas Cook plans to deleverage through disposals and excess cash flow sweeps in March 2013 and 2014.

"We are delighted to have agreed this refinancing which we believe will stabilise our capital structure, providing committed capital for the next three ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access:

Corporate access

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

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%