REG - Jet2 PLC - New Revolving Credit Facility

Jet2Announcement

19/10/2022 17:00

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RNS Number : 4594D  Jet2 PLC  19 October 2022

19 October 2022

Jet2 plc ("Jet2", the "Group" or the "Company")

New Revolving Credit Facility

Jet2 plc is pleased to announce that it has entered into a new Revolving
Credit Facility ("RCF") with Barclays Bank plc; Lloyds Bank plc; HSBC UK Bank
plc and National Westminster Bank plc.

The RCF which is unsecured, provides the Group with available facilities of up
to £300m, which is an increase on its previous RCF of £100m.

The Board has also considered the Group's current liquidity position and
medium term liquidity requirements and consequently has repaid in full the
Group's short term loan facility of £150m which was due to mature in
September 2023, with the new RCF remaining undrawn.

Jet2 plc's Executive Chairman Philip Meeson said:

"We are delighted to build on our existing relationship with Barclays Bank
plc, Lloyds Bank plc and HSBC UK Bank plc and to welcome National Westminster
Bank plc as a key financing partner of the Group. The increase in the RCF
reflects the considerable growth of the Jet2 business and will also provide
the Group with additional financial flexibility for the future.

For further information, please contact:

 Jet2 plc                                    0113 239 7692

 Philip Meeson, Executive Chairman

 Gary Brown, Group Chief Financial Officer
 Cenkos Securities plc                       020 7397 8900

 Nominated Adviser

 Katy Birkin / Camilla Hume
 Canaccord Genuity                           020 7523 8000

 Joint Broker

 Adam James
 Jefferies International Limited             020 7029 8000

 Joint Broker

 Ed Matthews
 Buchanan                                    020 7466 5000

 Financial PR

 Richard Oldworth

 

Certain information contained in this announcement would have been deemed
inside information as stipulated under the UK version of the EU Market Abuse
Regulation (2014/596) which is part of UK law by virtue of the European Union
(Withdrawal) Act 2018, as amended and supplemented from time to time, until
the release of this announcement.

 

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