Allen & Overy advises tourism group TUI on successful placement of 400 million Euro convertible bond
09 April 2021
TUI said it was planning to use the proceeds from the successful offering to start the refinancing of loans from the COVID-19 stabilisation packages, adding that even before the offering it had a sufficient liquidity position into the summer 2021.
The team of Allen & Overy was led by partners Dr Knut Sauer (ICM, Frankfurt) and Dr Helge Schaefer (Corporate/M&A, Hamburg) and included partner Dr Hans Diekmann (Corporate/M&A, Dusseldorf) as well as counsel Dr Jonas Wittgens (Corporate/M&A, Hamburg). Partners Stephen Mathews and Michael Bloch (both Corporate/M&A) in London advised on UK law. Senior associate Nadine Kämper (ICM, Frankfurt) as well as associates Martin Kalbhenn (Frankfurt) and Moritz Merkenich (Hamburg, both Corporate/M&A) supported on this transaction.
Allen & Overy advises TUI leading tourism group TUI regularly on projects related to capital markets.