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 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. The facility therefore further increases available liquidity of Lufthansa Group by approx. €1.3 billion (£1.00 = €1.20 at time of publication).
