Lufthansa takes out loan facility of € 2 billion
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
LATAM Suspends Lima-Havana Flights Due to Fuel Supply Crisis in Cuba
LATAM Recognized for Third Time by APEX as Airline with “Best Inflight Entertainment in South America”
Iberia to Offer Record Capacity to Latin America This Summer: 3.35 Million Seats and Up to 366 Weekly Flights
LATAM Resumes Flights Between Bogota and Caracas Starting February 23
Plataforma Informativa de Aviación Comercial con 13 años de trayectoria.