US carrier Hawaiian Airways drew down a $235 million revolving credit facility on March 16, according to an 8-K filing by the airline. Citibank was the administrative agent on the credit facility which will be payable on December 11, 2022, unless otherwise extended by the parties. The revolving loans bear a variable interest rate equal to the London interbank offer rate plus a margin of 2.25% per year are secured by certain assets of Hawaiian and the guarantors. It its 8-K filing Hawaiian also said that it intends to reduce flight capacity system-wide by 8-10 percent in April and 15-20 percent in May,
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