LONDON (Reuters) - British airline easyJet (LON:EZJ) boosted its liquidity through a new five-year loan facility of $1.87 billion (1.39 billion pounds), backed by a partial guarantee from Britain, and said it would repay some of its shorter term debt.
EasyJet said on Monday that the new loan was underwritten by a syndicate of banks and backed by guarantees provided by a scheme from Britain's UK Export Finance.
During the first three months of this year, the airline also said it would repay and cancel the full drawn revolving credit facility of $500 million and term loans of about 400 million pounds ($540 million).
($1 = 0.7402 pounds)