29-Aug-2019 10:07 AM
Update on Proposed Recapitalisation Plan
Direct News Source
Thomas Cook Group plc ("the Company" or "the Group") is pleased to announce substantial agreement regarding key commercial terms between the Company, Fosun Tourism Group and its affiliates ("Fosun"), the Company's core lending banks and a majority of the Company's 2022 and 2023 senior noteholders. Implementation of the proposed recapitalisation will involve a significant new capital investment and reorganisation of the Group.
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This press release was sourced from Thomas Cook Group on 28-Aug-2019.