Germany’s flag carrier Lufthansa said on Friday it had signed a revolving credit facility of 2.0 billion euros ($2.17 billion) with a syndicate of international relationship banks to boost its liquidity.
The unsecured loan facility replaces Lufthansa’s existing undrawn credit lines of around 0.7 billion euros and will be available for three years with two one-year extension options, the airline said in a statement.
→ Lufthansa CEO Optimistic About Bid for ITA Airways.
“The signing of our first syndicated revolving credit facility strengthens our liquidity reserve and increases the efficiency of our balance sheet in securing our liquidity target of 6-8 billion euros,” Finance Chief Remco Steenbergen said.
HSBC Continental Europe, Landesbank Baden-Württemberg and UniCredit Bank acted as coordinating bookrunners and mandated lead arrangers, Lufthansa said.
Related Topics
Arajet Announces Direct Flights Between Punta Cana and Córdoba, Argentina
Porter Airlines Announces Flights to Mexico, the Caribbean, and Costa Rica from Canada for Winter
LATAM Launches Two New Routes Between Brazil and Argentina
Aeroméxico Resumes Direct Route Between Mexico City and Cali, Colombia
Plataforma Informativa de Aviación Comercial con 13 años de trayectoria.