Latham & Watkins Plays a Leading Role on Thomas Cook's £1.6 Billion Refinancing

CEO describes the transaction as a "milestone" in the company's history.

May 17, 2013

Latham & Watkins has played a leading role for Thomas Cook Group PLC on the company’s £1.6 billion refinancing, a transaction that CEO Harriet Green has called a “milestone” in the turnaround of the 172-year-old tour operator’s history. Latham advised as lead counsel on both the €525 million underwritten bridge loan and high yield bond placement of the same size, and collaborated with Slaughter and May on the accompanying £425 million equity rights issue and £691 million bank re-financing.

Latham & Watkins represented Thomas Cook with a team led by London finance partner Christopher Hall. Advice was provided by London capital markets partners Tracy Edmonson, Olof Clausson and Lene Malthasen, London corporate partner Nick Cline, capital markets counsel James Inness, finance associates Benoit Lavigne, Patrick Ky and Joanna Macintosh, and capital markets associates Stephen Soper and Angela Harper.

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