09-Apr-2020 8:47 AM
TUI AG: KfW arrangement signed – banking consortium approves German Federal government bridging loan
Direct News Source
KfW and TUI AG confirm the signing of the state aid bridging loan for 1.8 billion euros. The loan had been committed by the German Federal Government on 27 March as part of the COVID-19 state support programme. TUI's current Revolving Credit Facility "RCF" banking consortium supports the KfW loan and the addition of the 1.8 billion euros into TUI's existing RCF credit line.
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This press release was sourced from TUI Group on 08-Apr-2020.