Tui20 Oct 2021 10:57
As of 4 October 2021, the Group's total cash and available facilities amounts to €3.4bn, ahead of our 9 August position due to the nature of short-term bookings and resulting improvement in working capital. Overall recent cash development has been clearly positive, better than our previously communicated Q4 assumptions "of towards net cash neutral". As a result of the application of the net proceeds from the capital increase, cash and available will increase by c.€1.1bn to €4.5bn, following the completion of the Offering. Drawings under our c.€3.0bn KfW RCF facilities have reduced to €375m as at 4 October 2021.