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TUI AG: Execution of Agreements relating to Financing Package

·5-min read

TUI AG (TUI)
05-Jan-2021 / 15:41 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN

TUI AG

 

Execution of Agreements relating to Financing Package

5 January 2021

TUI AG (the Company) announced on 2 December 2020 that it had agreed a €1.8 billion financing package (the Financing Package) with the German Economic Support Fund (Wirtschaftsstabilisierungsfonds) (the WSF), Unifirm Limited, a syndicate of underwriting banks (the Underwriting Banks) and KfW.

The Company is pleased to announce that the formal written agreements relating to the Financing Package with the WSF, KfW and various commercial banks have been executed by the relevant parties.  The terms of the Financing Package provided for in the executed agreements are substantially as described in the circular which the Company published on 14 December 2020 (the Circular).

The Financing Package comprises the following measures:

A prospectus (the Prospectus) setting out the full details of the Rights Issue, including a full timetable of key dates, has been published on the Company's website (https://www.tuigroup.com/en-en/investors/capital-increase).

In addition to the Standby Underwriting Agreement and the Unifirm Commitment and Backstop Agreement, which were signed in early December 2020 and discussed in the Circular, the following agreements relating to the Financing Package have now been executed by the relevant parties:

Any capitalised terms used but not otherwise defined in this announcement have the meaning set out in the Circular.

 

For further information, please contact:

Mathias Kiep, Group Director Investor Relations, Corporate Finance & Controlling
Tel: +44 (0)1293 645 925/
+49 (0)511 566 1425

Nicola Gehrt, Director, Head of Group Investor Relations Tel: +49 (0)511 566 1435

Contacts for Analysts and Investors in UK, Ireland and Americas
Hazel Chung, Senior Investor Relations Manager Tel: +44 (0)1293 645 823

Contacts for Analysts and Investors in Continental Europe, Middle East and Asia
Ina Klose, Senior Investor Relations Manager Tel: +49 (0)511 566 1318

Media
Kuzey Alexander Esener, Head of Media Relations Tel: +49 (0)511 566 6024

 

This announcement is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration under the US Securities Act of 1933, as amended, or an exemption from registration. The securities referred to herein have not been and will not be registered under the Securities Act. No public offering of securities is being made in the United States.


 


ISIN:

DE000TUAG000

Category Code:

MSCL

TIDM:

TUI

LEI Code:

529900SL2WSPV293B552

OAM Categories:

3.1. Additional regulated information required to be disclosed under the laws of a Member State

Sequence No.:

90871

EQS News ID:

1158502


 

End of Announcement

EQS News Service

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