-Amadeus inks EUR2.7bn debt refinancing deal

Internet Business News
05-17-2011
-Amadeus inks EUR2.7bn debt refinancing deal

INTERNET BUSINESS NEWS-(C)1995-2011 M2 COMMUNICATIONS

17 May 2011 - Spanish travel reservations and ticketing systems provider Amadeus (MCE:AMS) has inked an agreement to refinance its current bank debt through a new funding line of a total EUR2.7bn (USD3.83bn) without any guarantees, the company said in a filing with the national stock market regulator CNMV.
The deal gives the company greater flexibility, reduces costs and allows diversification of funding sources, the group said.

It is a club deal in which BBVA, the Bank of Tokyo-Mitsubishi, Deutsche Bank, London Branch, ING Belgium, JP Morgan, Morgan Stanley Senior Funding, Natixis and the Royal Bank of Scotland are taking part.

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