8 plane made use of as safety for funding at favourable ailments

WEBWIRE


&#13
&#13

Because July 2020, Deutsche Lufthansa AG has lifted a full of close to 500 million euros by employing aircrafts as stability in 8 funding transactions. This enabled the Team to protected extra cash on prime of the 1.6 billion euros raised by means of a convertible bond and a corporate bond.

&#13
&#13

The 5 Airbus A350s and three aircraft from the A320 household were used as securities for several financing devices. Cash have been raised by means of sale and lease back funding, secured loans and secured promissory notes (Schuldscheindarlehen). Banking companies, non-public fairness resources and company traders, specially from Europe and Asia, participated in the financing. Lufthansa was also able to agree upon appealing terms compared with the most not long ago issued bonds.

&#13
&#13

“We have taken a further successful stage in refinancing current liabilities which are maturing in 2021. The transactions when yet again reveal the self esteem the market has in our enterprise and our restructuring measures. We have a extensive selection of financing instruments at our disposal and aircraft funding will go on to perform a vital part in our financing strategy as it gives monetarily eye-catching situations,” said Wilken Bormann, Executive Vice President Corporate Finance of the Lufthansa Group.

( Press Release Graphic: https://pics.webwire.com/prmedia/7/268728/268728-1.jpg )

WebWireID268728

This news information was configured by WebWire editorial staff. Linking is permitted.

Information Release Distribution and Push Release Distribution Companies Furnished by WebWire.