British Airways has received commitments for a five-year term-loan Export Development Guarantee Facility of £2 billion. The funds are underwritten by a syndicate of banks, partially guaranteed by UK Export Finance (UKEF). The carrier said it expects to drawdown the facility in January subject to agreement of final terms with the lenders and UKEF. UKEF is the export credit agency and provides the guarantee to support the working capital and capital expenditure needs of UK exporters that meet certain criteria. British Airways is entitled to repay the loan at any…

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