Thomas Cook bonds, shares tank on £150m recap news

Aidan Gregory,

Karoliina Liimatainen

August 12, 2019 02:30 pm

Thomas_Cook_PA_230x150 — File photo dated 19/05/16 of a Thomas Cook plane taking off. The holiday giant is will open a new boutique hotel this week as it seeks to reassure customers over its finances. | Tim Goode/PA Wire/PA Images

Thomas Cook's shares and bonds fell on Monday after the company disclosed that it is in talks to raise £150m of capital from its creditors and largest shareholder to keep trading over the winter period.

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Topics

Loans and High Yield LevFin High Yield Bonds Equity LevFin UK Europe Follow-ons and Rights issues EMEA

AG

Aidan Gregory

KL

Karoliina Liimatainen