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Published on 5/20/2013 in the Prospect News High Yield Daily.

England's Thomas Cook starts roadshow for €525 million seven-year notes

By Paul A. Harris

Portland, Ore., May 20 - England's Thomas Cook Group began a roadshow on Monday for its €525 million offering of seven-year senior notes, according to a market source.

The deal is expected to price before the end of the week.

Barclays, BNP Paribas, Credit Suisse, DNB Nor, Jefferies, Lloyds, Royal Bank of Scotland and SG CIB are managing the sale.

The Rule 144A and Regulation S for life notes come with three years of call protection.

Single B ratings are expected.

Proceeds will be used to refinance bank debt.

The travel services provider has headquarters in Melbourne, Derbyshire, England.


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