12th Mar 2021 17:25
Jet2 PLC - Leeds-based leisure travel business - Following review process by Her Majesty's Treasury after amending the eligibility requirements for the UK Covid corporate financing facility, company has been reconfirmed as an eligible issuer for the facility for up to GBP200 million.
Intends to issue the full amount of commercial paper through the facility before the closure of the scheme on March 22.
The group is grateful to both the Bank of England and HM Treasury for the CCFF, the ongoing provision of the Coronavirus Job Retention Scheme and, together with the responsible liquidity actions already taken by the business, this provides the Group with additional headroom to deal with the ongoing cost of disruption to our sector, ensuring we can continue to support our great business through this challenging period," notes Executive Chair Philip Meeson.
Current stock price: 1,412.00 pence
Year-to-date change: down 1.3%
By Dayo Laniyan; [email protected]
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