Eagle Bidco Expands Financing Consortium for Takeover of easyJet
Eagle Bidco Ltd has expanded its financing consortium for the recommended cash acquisition of easyJet plc (LSE:EZJ). Under a second amendment to the interim facilities agreement signed on October 12, 2026, four additional lenders have joined the debt arrangement: Bank of China Limited, London Branch; Goldman Sachs International Bank; Morgan Stanley Senior Funding, Inc.; and National Westminster Bank Plc. Eagle Bidco is indirectly owned by funds managed by affiliates of private equity firm Apollo Global Management, Inc. (NYSE:APO).
The deal was first announced on August 6, 2026, when the boards of easyJet plc and Eagle Bidco Ltd agreed on terms for a recommended cash takeover implemented through a court-sanctioned scheme of arrangement. Adding the new institutions broadens the financial backing for the transaction, following an earlier expansion of lenders on August 31, 2026.
Shareholders are awaiting the official takeover circular detailing the full terms and voting instructions for the scheme of arrangement. Pursuant to an extension granted by regulators, the document is scheduled to be distributed to shareholders on or before October 15, 2026.
Key points
- Eagle Bidco Ltd added four banks to the debt facilities financing its takeover of easyJet plc (LSE:EZJ).
- The new lenders are Bank of China, Goldman Sachs, Morgan Stanley, and National Westminster Bank.
- Eagle Bidco is indirectly owned by funds affiliated with Apollo Global Management, Inc. (NYSE:APO).
- A shareholder circular explaining the takeover scheme is due to be sent on or before October 15, 2026.
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How we writeDisclaimerQuestions and answers
Who is acquiring easyJet plc?
Eagle Bidco Ltd, a company indirectly owned by funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO), has agreed to acquire easyJet plc (LSE:EZJ) through a recommended cash takeover.
Which banks were added to easyJet's acquisition financing?
Bank of China Limited (London Branch), Goldman Sachs International Bank, Morgan Stanley Senior Funding, Inc., and National Westminster Bank Plc joined the interim facilities agreement on October 12, 2026.
When will easyJet shareholders receive the takeover document?
The scheme circular containing full takeover terms and voting instructions is scheduled to be dispatched to easyJet plc shareholders on or before October 15, 2026.