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British Airways Gets Commitments For UKEF Guaranteed 5-year Loan Facility

British Airways Gets Commitments For UKEF Guaranteed 5-year Loan Facility LONDON (dpa-AFX) - International Airlines Group S.A. (IAG.L) said Thursday that British Airways has received commitments for a 5-year term-loan Export Development Guarantee Facility of 2.0 billion pounds underwritten by a syndicate of banks, partially guaranteed by UK Export Finance or UKEF. UKEF, the UK s export credit agency, provides the Export Development Guarantee to support the working capital as well as capital expenditure needs of UK exporters upon meeting certain criteria. IAG said British Airways expects to drawdown the facility in January 2021, subject to agreement of final terms with the lenders and UKEF.

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