December 9, 2021

Dumbflashgames

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

2 min read

8 plane employed as security for funding at favourable disorders

WEBWIRE


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Due to the fact July 2020, Deutsche Lufthansa AG has lifted a complete of all-around 500 million euros by making use of aircrafts as protection in eight financing transactions. This enabled the Team to safe extra money on leading of the 1.6 billion euros lifted by way of a convertible bond and a company bond.

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The five Airbus A350s and a few aircraft from the A320 family members had been utilised as securities for numerous financing devices. Money have been raised through sale and lease back again funding, secured financial loans and secured promissory notes (Schuldscheindarlehen). Financial institutions, non-public fairness money and company traders, specifically from Europe and Asia, participated in the funding. Lufthansa was also ready to agree upon interesting conditions as opposed with the most lately issued bonds.

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“We have taken an additional prosperous action in refinancing existing liabilities which are maturing in 2021. The transactions when once again display the self confidence the current market has in our business and our restructuring actions. We have a large assortment of financing instruments at our disposal and aircraft funding will keep on to engage in a vital role in our financing system as it provides economically eye-catching circumstances,” reported Wilken Bormann, Govt Vice President Corporate Finance of the Lufthansa Team.

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