Air France-KLM and Air France announce the successful renegotiation of their Sustainability Linked Revolving Credit Facility, resulting in an increase to €1.4 billion and extension of its maturity to July 2028
Air France-KLM and Air France have successfully renegotiated their Sustainability Linked Revolving Credit Facility, increasing it to €1.4 billion and extending its maturity to July 2028. Key improvements include:
- Maturity extended to July 2028 with a one-year extension option
- Increase from €1,290m to €1,405m
- Expanded lenders' pool from 16 to 17 banks
- Optimized financial conditions
This undrawn facility enhances the Group's liquidity management. KLM's separate €1.0 billion ESG-linked facility remains unchanged. The total Group Revolving Credit Facilities now amount to €2.4 billion, up from €2.3 billion previously, demonstrating strong confidence in the Group's financial stability.
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Paris, 18 July 2024
Air France-KLM and Air France announce the successful renegotiation of their Sustainability Linked Revolving Credit Facility, resulting in an increase to
- Financial conditions optimization following Air France-KLM’s credit rating
- Maturity extended to July 2028, associated with a one-year extension option
- Increase of the facility from
€1,290m to€1,405m - Increase in the RCF lenders’ pool from 16 to 17 relationship banks, among which 12 Tier 1 banks, and 5 Tier 2 banks.
In March 2023 Air France-KLM and Air France as combined borrowers signed a
The amended agreement provides for an extension of the maturity to July 2028 with a one-year extension option at lenders’ discretion, as well as an increase in the size of the facility to
This transaction was coordinated by Crédit Agricole Corporate and Investment Bank (CACIB) and Natixis CIB, jointly acting as Coordinators and Natixis CIB acting as Facility Agent.
KLM’s
The total amount of the Group Revolving Credit Facilities is therefore increased to
Investor Relations
Michiel Klinkers Marouane Mami
michiel.klinkers@airfranceklm.com marouane.mami@airfranceklm.com
Website: www.airfranceklm.com
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FAQ
What is the new size of Air France-KLM's Sustainability Linked Revolving Credit Facility?
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What is the total amount of Air France-KLM Group's Revolving Credit Facilities after this renegotiation?