EasyJet signs new five-year term loan facility
EasyJet announced a new five-year term loan facility of $1.87b Friday, which will be secured on aircraft upon drawing. “This facility will significantly extend and improve EasyJet’s debt maturity profile and increase the level of liquidity available,” CEO Johan Lundgren said. The facility is underwritten by a syndicate of banks and supported by a partial guarantee from UK Export Finance under their Export Development Guarantee scheme, the airline said. The airline had taken a GBP600m loan from the UK government, cut 4,500 jobs and tapped shareholders for GBP419m last year to survive the impact of the pandemic.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2021-01-11/unaligned/easyjet-signs-new-five-year-term-loan-facility
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EasyJet signs new five-year term loan facility
EasyJet announced a new five-year term loan facility of $1.87b Friday, which will be secured on aircraft upon drawing. “This facility will significantly extend and improve EasyJet’s debt maturity profile and increase the level of liquidity available,” CEO Johan Lundgren said. The facility is underwritten by a syndicate of banks and supported by a partial guarantee from UK Export Finance under their Export Development Guarantee scheme, the airline said. The airline had taken a GBP600m loan from the UK government, cut 4,500 jobs and tapped shareholders for GBP419m last year to survive the impact of the pandemic.<br/>
