April 29, 2020 / 2:30 PM / a month ago

BRIEF-Deutsche Lufthansa: Swiss Federal Council Proposes State Guarantees For Loans For SWISS And Edelweiss

April 29 (Reuters) - DEUTSCHE LUFTHANSA AG:

* SWISS FEDERAL COUNCIL PROPOSES STATE GUARANTEES FOR LOANS AMOUNTING TO CHF 1.5 BILLION FOR SWISS AND EDELWEISS

* TWO SWISS AIRLINES OF LUFTHANSA GROUP, SWISS AND EDELWEISS, WILL RECEIVE GUARANTEES FROM SWISS BUND FOR 85% OF LOANS TOTALING 1.5 BILLION SWISS FRANCS (APPROX. 1.4 BILLION EUROS)

* FUNDS MAY ONLY BE USED AT SWISS AND EDELWEISS

* NO INTRA-GROUP DIVIDEND PAYMENTS MUST BE MADE FOR PERIOD DURING WHICH CREDIT FACILITY IS DRAWN DOWN

* SWISS AND EDELWEISS WILL RECEIVE GUARANTEES FROM SWISS BUND FOR 85% OF LOANS TOTALING 1.5 BILLION SWISS FRANCS (APPROX. 1.4 BILLION EURO) Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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