Thomas Cook Group - Proposed recapitalisation - progress update
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014
Proposed recapitalisation - progress update
Since this announcement, Thomas Cook has made significant progress towards finalising the key transaction terms of the recapitalisation with Fosun, the Group's core lending banks and subsequently with noteholders representing approximately 50 per cent of the Company's 2022 and 2023 senior notes.
The discussions with noteholders include the injection of additional capital on top of the previously announced
As stated in the Company's announcement on
The recapitalisation proposal remains subject to certain conditions including performance conditions, due diligence, further discussions and reaching agreement with a range of company stakeholders (including the pension trustees, noteholders, other financial creditors and Fosun's shareholder approval), and receipt of any regulatory and anti-trust clearances or approvals.
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