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Flight Centre Travel Group Announces to Take Up Additional Funding

01 Jul 2020  |  08:31:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FLT TO TAKE UP ADDITIONAL FUNDING

Flight Centre Travel Group announced that it has secured access to a debt facility of up to GBP65m, which will be drawn as and when required to help offset the coronavirus's impacts on its UK business. The funding has been made available to Company via the Bank of England's Covid Corporate Financing Facility, a program that has been implemented to support short-term liquidity among firms as they work to overcome disruption caused by the virus and the restrictions that are in place to slow its spread.

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