Successful RCF refinancing

Germany

TUI upsizes its core financing instrument and returns to a five-year tenor

Revolving Credit Facility (RCF) upsized from €1.65 billion to approx. €1.9 billion

Return to a tenor of five years

Link to the achievement of sustainability targets remains in place

CFO Mathias Kiep: ‘We are laying the foundation for profitable growth. The successful refinancing of our credit lines reflects the positive operational and financial performance of the Group. It is a vote of confidence in TUI.’

TUI has successfully refinanced its existing Revolving Credit Facility (RCF) and further strengthened it as a core financing instrument. The credit line was upsized from 1.65 billion euros to around 1.9 billion euros to enhance the Group's financial flexibility and liquidity. The new tenor is five years, maturing in March 2030. TUI remains committed to the Group's Science Based Targets Initiative (SBTi)-approved emissions reduction targets and the RCF's sustainability link remains in place.

The Group has made a promising start to the new year, reporting a 13 per cent increase in revenue to 4.9 billion euros and an eightfold increase in EBIT to 50.6 million euros for Q1 2025. The trend is continuing: even in times of change and economic uncertainty, holidays remain a priority for people. The hotel and cruise business is growing steadily and is extremely profitable. With the initiated transformation, TUI aims to strengthen its tour operator business in core European markets while driving growth in new markets. The guidance for the current financial year 2025 was confirmed.

TUI CFO Mathias Kiep: ‘TUI is laying the foundation for profitable growth. The successful refinancing of our credit lines reflects the Group's positive operating and balance sheet performance. This is also reflected in the recent rating upgrades by Moody's and S&P's, as well as the rating from Fitch for the first time. In addition, the strong demand for participation in the RCF underlines the Group’s successful strategy and future growth prospects. A vote of confidence for TUI.’

TUI's emissions reduction targets

By 2030, TUI aims to significantly reduce emissions from TUI Airlines (-24 per cent), the Hotels & Resorts segment (at least -46.2 per cent) and Cruises (-27.5 per cent). Further details can be found here.