British Airways has concluded arrangements for a long term multiple option facility for US$ 1,700,000,000. (10/30/2007)
The facility will be used to finance aircraft delivered over the next five years.
"The size and flexibility of this facility bears testament to the banking community´s continued support for BA, especially in the current difficult credit markets, and we are delighted to have concluded this strategically important facility with both existing relationship banks and new partners," said George Stinnes, BA´s Group Treasurer.
ING Bank NV will act as Documentation Agent for the banks, with The Royal Bank of Scotland plc acting as Facility Agent and Calyon assuming the role of Security Agent.