easyJet liquidity raising since beginning of pandemic reaches GBP2.2bn

easyJet stated (04-Aug-2020) total liquidity raised since the beginning of the coronavirus pandemic totals GBP2.2 billion, comprising GBP400 million from drawing down on its revolving credit facility, GBP600 million from the UK's government's 'Covid Corporate Financing Facility", GBP400 million from two term loans, GBP405 million in proceeds from a programme of sale and leaseback transactions and a GBP419 million of equity issuance. There are further expected sale and leaseback proceeds within the programme to be transacted. Following the sale and leaseback programme it is expected that approximately 50% of the fleet will remain unencumbered. As of 30-Jun-2020, the carrier's net debt position was GBP835 million, representing cash equivalents of GBP2.5 billion and gross debt leases of GBP3.4 billion. [more - original PR]