Budget airline easyJet
secured a $1.87 billion loan on Monday as it looks to ease investor concerns about its balance sheet, which has been devastated by an unprecedented slump in global demand for travel amid the COVID-19 pandemic.
The five-year loan facility has been underwritten by a syndicate of banks and is backed by a program from U.K. Export Finance, which includes some restrictions around future dividend payments, easyJet
said in a statement on Monday.
Shares in easyJet fell more than 1% in London trading on Monday.
European airlines like easyJet, already struggling from the loss…