Virgin Atlantic: Win your One Day today

Published on Tuesday, May 17, 2011

Amadeus refinances bank debt




Travel technology giant Amadeus has refinanced its bank debt to obtain unsecured credit facilities of €2.7bn.

 

This includes a $900m four and a half year loan, a €1.2bn bridge loan for an initial period of year, a further €400m bridge loan to be repaid following the sale of Opodo, and a €200m revolving credit facility for the next two years.

 

Amadeus chief financial officer Ana de Pro said: “With this agreement we achieve one of the objectives set out in our long-term strategy, to strengthen the financial structure of the business through less expensive and more flexible debt."



Your Comments

, be the first to post a comment.
Your email:






Email other comments made to this story
Code Request a new picture 5 characters



NOTE: Comments are subject to admin approval before being posted.
Mole Poll
How have bookings have been since Friday morning? Post Brexit
Good 30.59 %
Bad 37.65 %
Normal 31.76 %

Thank you for your vote




Move scroll bar (above) left to right for more videos!

UPCOMING EVENTS
Sponsored features

Koh Samui has got it all



Let Centara Hotels & Resorts show you around the island and share some of the amazing activities that you can find.  With three distinct properties on the island, Centara has you covered.  

\m