easyJet PLC - New five-year term loan facility
easyJet announces new five-year term loan facility
This announcement contains inside information.
easyJet today announces the continued strengthening of its liquidity position with the signing of a new five-year term loan facility of
This five-year facility will be secured on aircraft upon drawing and will significantly extend and improve easyJet's debt maturity profile and strengthen easyJet's balance sheet by increasing the level of available liquidity.
easyJet is also announcing that during calendar Q1 it will repay and cancel part of its shorter term debt, namely the fully drawn Revolving Credit Facility of
As previously indicated, easyJet will continue to review its liquidity position on a regular basis and will continue to assess further funding opportunities, should the need arise.
"This facility will significantly extend and improve easyJet's debt maturity profile and increase the level of liquidity available. easyJet has taken swift and decisive action, having now secured more than
"The loan facility, provided on commercial terms, reflects constructive and collaborative work between easyJet, multiple banks and UK Export Finance.
"With our unmatched short haul network and trusted brand, easyJet is well positioned as customers return to the skies in 2021."
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