Ogier advises on financing facility

Posted: 12/05/2020

Ogier has assisted central and eastern European airline Wizz Air with its application to the Bank of England's Covid-19 financing facility, which has enabled it to strengthen its balance sheet and liquidity during the pandemic.

The Ogier team advised on the Jersey aspects of the application to be an eligible issuer under the Bank of England's corporate financing facility, which has strengthened the business's cashflow through the sale of short-term debt in the form of commercial notes.

Partner Raulin Amy led the team, which worked alongside UK law firm Dentons, and was supported by Managing Associate Oliver Richardson and Paralegal Hugo Reid. 

Freshfields Bruckhaus Deringer acted as UK legal counsel for Barclays.

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