Lufthansa raised 500 million euros in aircraft financing in the second half of 2020

Eight aircraft utilized as protection for funding at favourable problems

WEBWIRE


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Because July 2020, Deutsche Lufthansa AG has raised a full of all over 500 million euros by using aircrafts as security in 8 financing transactions. This enabled the Group to safe further funds on major of the 1.6 billion euros elevated by means of a convertible bond and a company bond.

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The five Airbus A350s and 3 plane from the A320 family members had been utilised as securities for several funding instruments. Funds ended up elevated by way of sale and lease back again funding, secured loans and secured promissory notes (Schuldscheindarlehen). Banking companies, non-public equity resources and corporate traders, particularly from Europe and Asia, participated in the funding. Lufthansa was also ready to agree on attractive phrases in contrast with the most just lately issued bonds.

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“We have taken another successful stage in refinancing current liabilities which are maturing in 2021. The transactions the moment all over again demonstrate the self-assurance the sector has in our business and our restructuring actions. We have a wide range of financing devices at our disposal and plane financing will carry on to participate in a key purpose in our financing approach as it provides monetarily desirable disorders,” claimed Wilken Bormann, Government Vice President Corporate Finance of the Lufthansa Group.

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