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Ryanair Holdings PLC

RYANAIR EXTENDS UK CCFF FUNDING

Source: RNS
RNS Number : 8410R
Ryanair Holdings PLC
10 March 2021
 

 

 

RYANAIR EXTENDS UK CCFF FUNDING

 

Ryanair today (10 Mar.) announced that it has received approval to extend its £600m (unsecured) funding under the HMT and Bank of England CCFF for a further 12 months.  The funds will be redrawn in the coming days, with the proceeds used for general corporate purposes.

 

Ryanair's balance sheet remains one of the strongest in the industry with a BBB credit rating (S&P and Fitch) and significant liquidity (the Ryanair Group expects to have over €3bn cash at its FY21 year end - 31 Mar. 2021). More than 80% of the Group's owned fleet is unencumbered (with a book value in excess of €7bn). 

 

For further information

please contact:                       Alejandra Ruiz                      Piaras Kelly

                                                Ryanair DAC                                    Edelman Ireland

                                                Tel: +353-1-9451799              Tel: +353-1-6789 333

                                                press@ryanair.com               ryanair@edelman.com

 

 

 

 

 

 

 

 

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