Banks Throw Struggling Holiday Giant Pound(S)200m Lifeline

The HeraldNovember 26, 2011

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Summary


STRUGGLING holiday giant Thomas Cook has been thrown a pound(s)200 million lifeline.

Its bankers, including Barclays, HSBC, RBS and UniCredit, have agreed to provide the facility and amend its existing credit agreement until April 30, 2013. It replaces the pound(s)100m short- term facility announced on October 21, 2011.

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Banks Throw Struggling Holiday Giant Pound(S)200m Lifeline

The company, which sells more than 22 million holidays a year ...

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