Airbus Group amends and extends $3bn RCF

Airbus Group has successfully amended and extended €3billion revolving syndicated credit facility, in a move designed to benefit from the current favourable loan market conditions. The facility, which was amended and restated on October 10, 2014, has a maturity of five years plus two one-year extension options and carries an opening margin of 20 basis points per annum. It replaces an existing €3billion facility dated 14 April 2011 of the same maturity. The facility is for general corporate purposes. It received very strong support from banks and closed oversubscribed. The Bank of Tokyo-Mitsubishi, Crédit Agricole Corporate and Investment Bank, The