• More cash for Cook

Embattled travel group Thomas Cook is in discussions with noteholders, aiming to release a further GBP150m of cash into the business. News of the talks sent shares lower, on fears of further dilution.

The new cash will come holders of senior notes who have around half of the group’s notes maturing 2022 and 2023. Thomas Cook hopes to implement the recapitalisation in October.

Read the full story here:

https://www.thomascookgroup.com/news/12082019/proposed-recapitalisation-progress-update?ref=Home

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