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

HANOVER – 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. The company 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  said: “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).

The TUI Group is one of the world’s leading tourism groups and operates worldwide. The Group is headquartered in Germany. TUI shares are listed in the MDAX index of the Frankfurt Stock Exchange and in the regulated market of the Lower Saxony Stock Exchange in Hanover. The Group offers its over 20 million customers integrated services from a single source and forms the entire tourism value chain under one roof. It owns over 400 hotels and resorts with premium brands such as RIU, TUI Blue and Robinson and 17 cruise ships, ranging from the MS Europa and MS Europa 2 in the luxury class and expedition ships in the HANSEATIC class to the Mein Schiff fleet of TUI Cruises and cruise ships operated by Marella Cruises in the UK.