Allen & Overy advises tourism group TUI on successful placement of 400 million Euro convertible bond
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Harald Klett
PR & Communications Manager
Frankfurt am Main
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.