23 Jun 2015 07:00
Thomas Cook Group plc
23 June 2015
THIS ANNOUNCEMENT IS NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW
Thomas Cook repays Euro 400 million bond
Thomas Cook Group plc ("Thomas Cook" or the "Company") announces that it has completed the redemption in full of its €400 million 6.75 per cent Guaranteed Notes due 2015 (the "Notes") at their maturity date, in accordance with the terms and conditions of the Notes. The aggregate principal amount of the Notes redeemed was €284,566,000. This follows the purchase by the Company earlier this year of €115,434,000 aggregate principal amount of the Notes by way of a tender offer, the results of which were announced on 20 February 2015.
This redemption follows the refinancing of the Company's banking facilities announced on 20 May 2015, and is in line with the Company's objectives to reduce debt and improve its capital structure.
Enquiries
Analysts & Investors James Sandford, Thomas Cook Group +44 (0) 20 7557 6433
Media Mathias Brandes, Thomas Cook Group +44 (0) 20 7294 7199
Jenny Davey, Finsbury +44 (0) 20 7251 3801