El Al has signed a memorandum of understanding with undisclosed non-local banks for the $135 million financing of a Boeing 787-9 being delivered in the first quarter, the Israeli flag carrier has revealed in a stock-exchange disclosure.
The financing consists of a $114 million 12-year senior loan and a $21 million, six-year junior loan, says El Al. The weighted interest margin for the funding is between 1.5% and 2.5%, it adds.
El Al intends to set up a special-purpose vehicle for the loan.
Source: Cirium Dashboard
