Thomas Cook : Strong decline in results at end of July and details of the debt restructuring plan
Thomas Cook has reported a strong decline in its results at end of July and has furnished a bit more information on the debt restructuring plan being mulled with support from Fosun. The main measures are as follows. - - All 6.25% 2022 (€ 750m) and 3.875% 2023 (€ 400m) bonds, as well as funds raised from the syndicated RCF (£ 650m late July) will be converted into: 1/ shares entitling holders to "at least 15% stake" in the recapitalised group; and 2/ at least £ 81m in PIK notes. - In...Thomas Cook Group is a travel company. Co.'s segments include: Group Tour Operator, which includes tour operations and associated activities within Co.'s 17 source markets; and Group Airline, which provides airline-related services, including both scheduled and charter services, and associated activities within Co.'s four airlines.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.