Lufthansa Group agrees inaugural Revolving Credit Facility of 2.0 billion euros

Deutsche Lufthansa AG has signed its first Revolving Credit Facility with a broad syndicate of international relationship banks. The total facility amount is 2.0 billion euros and will be available for a period of three years plus two one-year extension options. Other than customary group guarantees, the facility is unsecured, has no financial covenants and serves as undrawn back-up liquidity. It replaces existing undrawn bilateral credit lines of approx. 0.7 billion euros. The facility t…

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Source: webwire.com
Lufthansa Group agrees inaugural Revolving Credit Facility of 2.0 billion euros