Jet2 PLC New Revolving Credit Facility (4594D)

TIDMJET2

RNS Number : 4594D

Jet2 PLC

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 GBP300m, which is an increase on its previous RCF of GBP100m.

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 GBP150m 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 
  Philip Meeson, Executive 
  Chairman 
  Gary Brown, Group Chief       0113 239 
  Financial Officer              7692 
 Cenkos Securities plc 
  Nominated Adviser             020 7397 
  Katy Birkin / Camilla Hume     8900 
 Canaccord Genuity 
  Joint Broker                  020 7523 
  Adam James                     8000 
 Jefferies International 
  Limited 
  Joint Broker                  020 7029 
  Ed Matthews                    8000 
 Buchanan 
  Financial PR                  020 7466 
  Richard Oldworth               5000

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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October 19, 2022 12:00 ET (16:00 GMT)

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