The mandated lead arrangers HSBC, KBC Bank NV and KfW IPEX-Bank closed the first disbursement under a term loan facility amounting to EUR 272m for Eurocontrol on June 30. The Eurocontrol member states approved signing of a term loan facility to support the continuous operation of safe and effective air navigation services in the European network as part of a Covid-19 financial relief package. This term loan with a tenor until end of March 2022 aims to mitigate the financial impact of the COVID-19 crisis in a number of Eurocontrol’s member states resulting from the decline in air traffic and

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