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Thomas Cook begins tender offer for 6¾% guaranteed notes due 2015
By Susanna Moon
Chicago, Feb. 11 – Thomas Cook Group plc said it began a cash tender offer for its €400 million 6¾% guaranteed notes due 2015.
The company is offering to purchase the notes at 101.85% of par plus accrued interest up to but excluding the settlement date of Feb. 23.
The tender offer will end at 11 a.m. ET on Feb. 19.
The purpose of the offer is for the company to manage pro-actively its upcoming debt redemption, according to a company notice.
The dealer managers are Credit Suisse Securities (Europe) plc (+44 0 20 7883 8763, email: liability.management@credit-suisse.com, attn: liability management desk) and Royal Bank of Scotland plc (+44 0 20 7085 5991, attn: liability management group, email: liabilitymanagement@rbs.com).
The tender agent is Lucid Issuer Services Ltd. (+44 20 7704 0880, attn: Paul Kamminga, email: thomascook@lucid-is.com).
Thomas Cook is a London-based travel company.
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