Brussels Airport wants to raise up to 300 million euros in additional debt

0
17
Brussels Airport wants to raise up to 300 million euros in additional debt







© Provided by Belga



Brussels Airport wants to raise a maximum of 300 million euros through private placements by mid-2021, according to a convocation to the general meeting of bondholders that Zaventem airport has published Thursday.

This additional money is needed to ensure the liquidity of Brussels Airport and to “cover general working capital costs”. To do this, however, the airport needs the consent of bondholders who have subscribed to the 2013, 2014 and 2017 issues.

The company also asks bondholders to waive certain obligations of the airport, among others with regard to the interest coverage ratio. This allows management to “fully focus on the challenges ahead resulting from the spread of the coronavirus.

The general assembly will take place on November 6.

LEAVE A REPLY

Please enter your comment!
Please enter your name here