Hawaiian Airlines secures $175 million revolver

Dino D'Amore
By Dino D'Amore November 26, 2014 21:04

Hawaiian Airlines secures $175 million revolver

Hawaiian Airlines has secured a three-year $175.0 million revolving credit and letter of credit facility. The facility, arranged by Citibank, carries a margin of Libor+300bps.

The credit agreement includes the option for Hawaiian to grant liens on certain eligible account receivables, eligible aircraft, eligible spare engines and eligible ground support equipment, as well as cash and certain cash equivalents in order to secure its outstanding obligations under the facility. For now, however, the facility is unsecured.

Dino D'Amore
By Dino D'Amore November 26, 2014 21:04