Ascent Resources PLC higher as progress is made in dispute with the Republic of Slovenia
A look at some of the major movers in London on Monday
Source: proactiveinvestors.co.uk
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British Airways & easyJet: UK Export Finance's new form of state aid
Analysis On 31-Dec-2020 IAG announced that its subsidiary British Airways had received commitments for a GBP 2 billion five-year term loan facility underwritten by a syndicate of banks. On 8-Jan-2021 easyJet announced a GBP1.4 billion five year facility, also underwritten by a syndicate of banks. The unusual feature in both loans is that they are partially guaranteed by UK Export Finance (UKEF), an arm of the UK government. Such loan guarantees to UK exporters mark a strategic shift for the UK's export credit agency towards more direct support. In the past, its support has typically been indi...
Source: centreforaviation.com
EasyJet secures five-year state-backed $1.87bn loan facility
(Sharecast News) - Budget airline easyJet has strengthened its balance sheet by signing a new five-year $1.87bn (£1.4bn) term loan facility to help it
Source: ifamagazine.com
EasyJet gets government-backed £1.4 billion loan | Business Travel News Europe
Funding is on commercial terms and will help bolster liquidity
Source: businesstravelnewseurope.com
easyJet gets a £1.4 billion loan guaranteed by UK Government
The UK Government has provided easyJet with a £1.4 billion soft loan, promising to guarantee repayments to the banks which are providing the money.
Source: headforpoints.com