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easyJet borrows £600M from Covid Financing Facility and draws down $500M on Revolving Credit Facility

Apr. 06, 2020 11:03 AM ETeasyJet plc (ESYJY) StockEJTTF, ESYJYBy: Niloofer Shaikh, SA News Editor
  • To safeguard short term liquidity easyJet (OTCQX:ESYJY +17.0%) has issued £600M of Commercial Paper through the Covid Corporate Financing Facility issued a utilisation request to fully draw down on its $500M Revolving Credit Facility, secured against aircraft assets.
  • By April 9, the company is expected to have access to cash reserves of £2.3B.
  • easyJet to release 1H results on 30 June 2020.
  • Source

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