IFLR1000

Kenya Airways $200 million bridge financing

27/8/2015
Financing, Refinancing
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$ 200 million

Completed

27/8/2015

Overview:

  • Kenya Airways received $200 million bridge financing from African Export-Import Bank to refinance its debt and finance its operating expenses. 
  • The company also received a $40 million loan from the government of Kenya. 
  • The government of Kenya owns a 29.8% stake in Kenya Airways. 

Rani Mehta - Journalist

Jurisdictions:

Kenya
United Kingdom

Deal types:

Financing
Refinancing

Practice area:

Banking

Governing law:

England and Wales

Industry sector:

Aviation

Firms:
Clifford Chance

Party: Kenya Airways (Borrower)

Hogan Lovells

Party: African Export-Import Bank (Lender)

Kaplan & Stratton

Party: African Export-Import Bank (Lender)

Lawyer: Ruth Kirunga

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