TUI secures £300m bank facility
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TUI has secured a new GBP300m credit bank facility to “strengthen capital structure and underpin the debt maturity profile”.
Its loan has been set under previous arrangements under a medium-term length maturing in April 2016.
It was set up by the company’s banks alongside Royal Bank of Scotland.
“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,” said the company’s chief financial officer Will Waggott.
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