Air France-KLM announces that it has signed a new multi-purpose credit facility for €1 billion with a syndicate of 12 international banks
Rhea-AI Summary
Air France-KLM (OTC:AFLYY) signed a new multi-purpose €1 billion credit facility with a syndicate of 12 international banks. The facility is drawable at the group’s discretion, matures in June 2028, and may be extended to June 2029.
It is intended to refinance existing instruments, including those linked to M&A from the second half of 2026, and to complement existing liquidity and funding sources. According to Air France-KLM, the facility does not change Gross Debt or the Net Debt / Current EBITDA ratio, which was 1.5x at the end of March.
Positive
- New €1 billion multi-purpose credit facility signed with 12 banks
- Facility maturity to June 2028 with potential extension to June 2029
- Supports refinancing of existing instruments, including M&A-related from H2 2026
- Enhances financial flexibility and complements existing liquidity resources
- Diversifies funding sources alongside ongoing bond issuance strategy
- No impact on Gross Debt or 1.5x Net Debt / Current EBITDA leverage
Negative
- None.
News Market Reaction – AFLYY
In the Jun 17 session, AFLYY declined 4.59%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Paris, June 17, 2026
Air France-KLM announces that it has signed a new multi-purpose credit facility for
Air France-KLM has signed a new multi-purpose credit facility for an amount of
The purpose of the facility is to refinance existing financial instruments including instruments associated with the group’s M&A activity (subject to applicable closing conditions), which may arise from the second half of 2026.
This transaction further strengthens Air France-KLM’s financial flexibility and complements the Group’s existing liquidity resources and diversified funding structure.
The Group will pursue its financing strategy through bond issuances to meet its annual debt and hybrid redemptions, aiming to redeem hybrid instruments and simplify its balance sheet. By combining this facility with bond issues, the Group can diversify its sources of funding, whilst optimizing the timing and pricing of different financings based on most favorable market windows.
The facility benefits from attractive conditions reflecting the confidence of the Group’s banking partners in Air France-KLM’s current credit profile and financial trajectory. This new credit facility will not impact the Group’s Gross Debt and Net Debt / Current EBITDA ratio, which stood at 1.5x at the end of March, in line with the Group’s ambition of maintaining a leverage between 1.5x to 2.0x.
Natixis and Société Générale acted as Global Coordinators, with Natixis also serving as Documentation Agent. ABN AMRO Bank N.V, Banco Santander S.A, BNP Paribas, Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank, Crédit Industriel et Commercial, HSBC Continental Europe, Industrial and Commercial Bank of China Europe S.A Paris Branch, ING Bank N.V, La Banque Postale, Natixis and Société Générale acted as MLA and Bookrunners for the facility.
Investor Relations
Michiel Klinkers
michiel.klinkers@airfranceklm.com
Website : www.airfranceklm.com
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