Thomas Cook pays up for new £200m revolver
Lenders to beleaguered Thomas Cook have agreed to provide a £200m revolving credit facility maturing on April 30, 2013, to replace a £100m short term loan signed in October. But margins on the loan are up to 300bp higher than the terms agreed on Thomas Cook’s existing £1bn loan in July.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
