logo
Share SHARE
FONT-SIZE Plus   Neg

Thomas Cook Confirms Advanced Talks With Banking Group On Financing -Quick Facts

Thomas Cook Group plc (TCG.L,TCKGY.PK) confirmed that it is in advanced discussions with its banking group about extending its financing arrangements. These talks are part of the result of the strategic review the Group has undertaken since agreeing terms of a new facility in November 2011.

Further to the revised financing arrangements, the earlier announced asset disposal programme and the sale of Thomas Cook India, the Group is exploring a possible sale and leaseback of certain aircraft. The Group expects to report in detail on the results of that review by the time of the interim results.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
United Parcel Service, Inc. has started to test the use of drones to make commercial deliveries of packages to remote or difficult-to-access locations. On Thursday, the package delivery giant and drone-maker CyPhy Works staged a mock delivery of urgently needed medicine from Beverly, Massachusetts to Children's Island, which is about three miles off the Atlantic coast. Luxury electric car maker Tesla Motors Inc. (TSLA), Thursday filed a lawsuit against state officials over its right to sell vehicles directly to consumers in Michigan. The lawsuit has been filed against Governor Rick Snyder, Secretary of State Ruth Johnson and Attorney General Bill Schuette as defendants. Tesla... e.l.f. Beauty (ELF), a maker of cosmetic products, priced its initial public offering above its target range and raised about $141 million. The Oakland-based company opened sharply up on Thursday's trading on the New York Stock Exchange. The company said it sold about 8.3 million shares at $17 in...
comments powered by Disqus
Follow RTT