Tui agrees new £300 million credit deal

Tui agrees new £300 million credit deal

Tui Travel today revealed the signing of a new £300 million bank credit facility.

The move was described as a further strengthening of the Thomson and First Choice parent company’s capital structure.

The new credit facility matures in April 2016.

The transaction was co-ordinated by the Royal Bank of Scotland and involved a syndicate of Tui’s banks.

Chief financial officer Will Waggott said: "We are pleased to have agreed this new credit facility which will improve the flexibility and strength within our capital structure and demonstrates the continued strong support for the group from our banks.”


 

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