EasyJet boosts liquidity with a new five-year £1.39 billion loan facility

EasyJet plc (LON: EZJ) signed a new five-year loan facility late on Friday valued at £1.39 billion, backed partially by the British government in a bid to shore up finances amidst the ongoing Coronavirus pandemic that continues to wreak havoc on the airline industry. EasyJet shares opened close to 2% up on Monday but lost the entire intraday gain in the next hour. The stock is currently trading at £7.80 per share versus £4.70 per share in October. The British air carrier had touched a high of £9.3 per share in the first week of December. The loan imposes restrictions