Frankfurt/Main – London-based Thomas Cook Group has renewed and expanded its issuance platform for short-term bonds. The Group’s commercial paper programme now has a maximum value of EUR 500 million. Apart from Thomas Cook Group plc, now also Thomas Cook Airlines Treasury plc may issue bonds under the programme. The latter will be guaranteed by Thomas Cook Group plc. BayernLB (Bayerische Landesbank) is acting as arranger and dealer.
An international CMS team in Frankfurt and London headed by lead partner Oliver Dreher advised BayernLB on the transaction.
The team led by Oliver Dreher has often acted in a similar capacity for BayernLB. It regularly advises leading placement banks and companies on corporate bonds, both in stand-alone transactions and with regard to the establishment and use of issuance programmes.
BayernLB serves large and medium-sized companies and public clients and is also active in commercial real estate financing. It cooperates with more than 400 savings banks in Bavaria and Germany on a basis of trust. It is one of the leading arrangers of public bond issues.
Thomas Cook Group is one of the world’s leading travel groups. The Group employs more than 22,000 people across 17 countries and serves roughly 20 million customers worldwide.
CMS GERMANY
Oliver Dreher, Lead Partner, Banking & Finance
CMS UK
Jason Brooks, Partner
Kirsty Templar, Associate
Press Contact
presse@cms-hs.com
