Thomas Cook : Announcement of pricing of senior notes



THIS ANNOUNCEMENT IS NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW

Thomas Cook Group plc

Announcement of pricing of €400,000,000 Senior Notes by Thomas Cook Finance plc

16 January 2015- Thomas Cook Group plc today announces that it has priced its offering of €400,000,000 aggregate principal amount of Senior Notes due 2021 (the "Notes") by Thomas Cook Finance plc (the "Issuer") at an issue price of 100%.  The Notes will bear interest at a rate of 6.75% and will mature on 15 June  2021.  The Notes will include a call option in favour of the Issuer exercisable after three years.

The offering is expected to close on or about 23 January 2015, subject to the satisfaction of various customary closing conditions.

Michael Healy, Group Chief Financial Officer, said "I am pleased with the successful uptake of our new bond issue.  This bond greatly enhances our financial and operational flexibility, by extending and rebalancing our debt maturity profile and by increasing liquidity, and represents an important step for Thomas Cook towards achieving an efficient capital structure."

This announcement is for information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other security and shall not constitute an offer, solicitation or sale in the United States or in any jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful.

The Notes and any related guarantees have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or any U.S. state securities laws, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Accordingly, the Senior Secured Notes and any related guarantees are being offered and sold in the United States only to qualified institutional buyers in accordance with Rule 144A under the Securities Act and outside the United States in offshore transactions in accordance with Regulation S under the Securities Act.

The offer and sale of the Notes will be made pursuant to an exemption under the Prospectus Directive, as implemented in Member States of the European Economic Area, from the requirement to produce a prospectus for offers of securities. This announcement does not constitute an advertisement for purposes of the Prospectus Directive.

No money, securities or other consideration is being solicited, and, if sent in response to the information contained herein, will not be accepted.

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For further enquiries, please contact:

Analysts & Investors
James Sandford, Thomas Cook Group	[phone]
Media
Mathias Brandes, Thomas Cook Group	[phone]
Jenny Davey, Finsbury	[phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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