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.