EasyJet lands $500m revolver, taps CCFF

Adobe_airplane_230x150_12Feb2020
By Mike Turner
08 Apr 2020

The UK’s EasyJet is about to have $500m of funds released to it, after the budget airline sent a utilisation request to its banking group at the start of the week.

The airline, which had its ratings cut a notch to Baa2 by Moody’s last month, issued a utilisation request to banks on Monday to fully draw down its $500m revolver, which is secured against aircraft assets.
“It takes two days once the facility agent has sent the request to ...

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