The Thomas Cook Group is holding talks in the City as it seeks to refinance its €1.8 billion banking facility.
The facility is a limited loan allowing the group to borrow cash according to its needs.
The deal, which is held with a number of lenders, expires in May 2011, but the operator hopes to have new arrangements in place by this summer, as stated in its audited results released on November 30, 2009.
A Thomas Cook spokeswoman refused to comment on whether the money might be raised through either a bond or rights issue.
“At this early stage, no decision has yet been taken,” she said. “Therefore, we can’t make any comment on specific refinancing options.”