Thomas Cook Fears Spread Into Debt Markets
Fears over thomas cook’s future have leached into corporate bond markets, sending the company’s shares to fresh lows as concerns reverberated about its towering debt pile. Markets fall on fears of second wave of covid infections thomas cook’s bonds tumble on fears over debt pile. thomas cook’s bonds faced a second day of sustained selling while the cost. Thomas cook shares plunge amid fears over £389m debt mountain this article is more than 1 year old travel firm’s bosses try to reassure investors as its value slips below the size of its debt. Holders of credit insurance on thomas cook group plc are drawing up plans to potentially block the u.k. travel agent’s $1.1 billion rescue in order to ensure they get a payout. Trading over the winter of 2017 and into the spring of 2018 was good. thomas cook’s debt pile was chunky – split between a 17 strong syndicate of banks and corporate bondholders – but with.
Thomas Cook Crashes Another 22 Amid Fears Over Its 389m
Thomas cook fears spread into debt markets by oliver gill 4 dec 2018, 5:40pm. thomas cook plunges again as tour operator battles to calm debt fears by christopher williams 3 dec 2018, 6:27pm. Given that thomas cook itself almost failed in 2011, reducing debt should have been the absolute priority. the most astonishing statistic in the whole saga is that the company paid £1.2bn in. The financial fallout from the liquidation of thomas cook has rapidly spread through the market this week, hitting lenders, suppliers, partners and landlords of its high street shops. Thomas cook, the uk travel group labouring under a £1.2bn debt pile, moved to win back the confidence of suppliers and customers at the weekend as fears lingered over the viability of the business. Michael hewson, chief market analyst at trading firm cmc markets, said: 'thomas cook's woes have gone from bad to worse after citigroup downgraded the shares to sell with a 0p price target.