Thomas Cook to borrow up to £200m in new credit agreement
The holiday firm Thomas Cook has reached a new credit agreement with its bankers.
The new agreement allows the company to borrow up to £200 million.
Thomas Cook says it needs the money to ease its cash flow after bookings were affected by unrest in Egypt and Tunisia, and floods in Thailand.
Joe Lynam reports.
26 Nov 2011
- From the section Business