TUI Travel has signed a new £1.4 billion bank credit facility.
The travel giant said the arrangement was oversubscribed, which demonstrates its "continued strong backing from relationship banks" and "underpins its debt maturity profile".
It said the arrangement, which matures in June 2018, gives it "valuable flexibility in respect of its other debt facilities and upcoming maturities".
"We appreciate the continued strong support from our relationship banks," added chief financial officer Will Waggott.
