Content area
Full Text
UK budget carrier Jet2 has raised £537 million ($761 million) in new financing to boost liquidity in response to the Covid-19 pandemic.
The company has priced £387 million of guaranteed senior unsecured unrated convertible bonds due 2026 at 1.625%.
It also signed a new £150 million unsecured term loan maturing in September 2023.
The convertible bonds will be initially guaranteed by Jet2.com and Jet2holidays.
Bonds will be issued in principal amounts of £100,000 each and will carry a coupon...