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

8 plane employed as protection for financing at favourable conditions

WEBWIRE


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Considering that July 2020, Deutsche Lufthansa AG has lifted a overall of about 500 million euros by using aircrafts as stability in eight funding transactions. This enabled the Group to protected additional funds on top rated of the 1.6 billion euros elevated by way of a convertible bond and a corporate bond.

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The five Airbus A350s and a few plane from the A320 household have been utilised as securities for a variety of funding instruments. Resources ended up lifted through sale and lease back again funding, secured loans and secured promissory notes (Schuldscheindarlehen). Banking companies, personal equity cash and corporate buyers, particularly from Europe and Asia, participated in the funding. Lufthansa was also capable to agree on eye-catching conditions in comparison with the most just lately issued bonds.

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“We have taken an additional thriving step in refinancing existing liabilities which are maturing in 2021. The transactions at the time once more exhibit the self-assurance the current market has in our organization and our restructuring measures. We have a wide vary of funding devices at our disposal and plane financing will carry on to play a essential position in our funding method as it gives financially beautiful problems,” mentioned Wilken Bormann, Govt Vice President Corporate Finance of the Lufthansa Team.

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