euro adhoc: SkyEurope Holding
other
SkyEurope secures a EUR 10 million loan
from York Global Finance
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Financing
18.09.2008
Bratislava/Vienna 16 September 2008 - SkyEurope Holding AG
("SkyEurope") announces that York Global Finance II S.a r.l.
("York"), has granted a bridge loan facility totalling EUR 10 million
to its 100% subsidiary SkyEurope Airlines a.s.The loan facility, which is on market terms, will help support ongoing working capital and cash flow requirements for the winter flying season. The loan demonstrates York's continued confidence in SkyEurope's long-term prospects as the leading low cost airline in Central & Eastern Europe, with strong, growing and strategic positions in Bratislava, Vienna and Prague.
In addition, SkyEurope has appointed the international investment bank Rothschild to explore strategic and financing alternatives, in order to secure the long term future and success of the airline.
end of announcement euro adhoc
Further inquiry note:
SkyEurope Holding AG
Nick Manoudakis, CFO
Tel.:+421 915 782 432
mailto:investor.relations@skyeurope.com
Branche: Air Transport
ISIN: AT0000497003
WKN: A0F5WU
Index: WBI
Börsen: Wiener Börse AG / official market