IFLR1000

Thomas Cook €750 million 6.25% high yield issue

12/12/2016
High-yield bond/note issue
Select tab

€ 750 million

$ 795.106 million

Completed

12/12/2016

Overview:

  • Thomas Cook Group has issued €750 million in high yield notes.
  • The 6.25% notes are due in June 2022 and include a call option after two and half years.
  • The notes are guaranteed by Thomas Cook Finance.
  • Merrill Lynch International, DNB Markets and Lloyds Bank acted as managers, alongside Société Générale, Barclays, BNP Paribas, Citigroup, Credit Industriel et Commercial, Credit Suisse, KBC, Morgan Stanley, RBS and UniCredit as underwriters.

Sam Duke - Editor

Jurisdiction:

United Kingdom

Deal type:

High-yield bond/note issue

Practice area:

Capital markets : Debt

Industry sector:

Consumer goods and services

Firms:
Latham & Watkins

Party: Thomas Cook Group (Issuer)

Lawyer: Tracy Edmonson (retired)

Shearman & Sterling

Party: Merrill Lynch International (Lead manager)

Party: DNB Bank (Manager)

Party: Lloyds Banking Group (Manager)

Party: Société Générale (Underwriter)

Party: Barclays (Underwriter)

Party: BNP Paribas (Underwriter)

Party: Citigroup (Underwriter)

Party: Credit Industriel et Commercial (Underwriter)

Party: Credit Suisse (Underwriter)

Party: KBC Bank (Underwriter)

Party: Morgan Stanley (Underwriter)

Party: Royal Bank of Scotland (RBS) (Underwriter)

Party: Unicredit (Underwriter)

Related deals