AirNZ secures new revolver

Air New Zealand (AirNZ) has secured a new $250 million three year, unsecured, syndicated revolving credit facility. The credit facility is provided through participation from Australian and global banks, which the airline will utilise as standby liquidity support. The new credit facility replaces the previous $400 million unsecured committed Crown standby facility which was entered into as part of the airline’s recapitalisation package on March 30, 2022, this was cancelled on March 25, 2024. ANZ Bank New Zealand and MUFG Bank acted as mandated lead arrangers and bookrunners on the new facility. AirNZ recently reported a 13.7% increase in their