Air France KLM - OCEANE redemption

Rhea-AI Summary

Air France-KLM repaid €452 million of OCEANE 2026 bonds, reducing potential dilutive shares by over 4.4 million. The company fulfilled a request from bondholders for early redemption, showcasing financial stability and proactive debt management.

Paris, March 25, 2024

Air France-KLM repaid €452 million of OCEANE 2026 bonds

Today Air France-KLM announces that it has repaid, at the request of the bondholders, c. €452 million of the outstanding €500 million of the bonds convertible into new shares and/or exchangeable for existing shares due March 25, 2026 (the “OCEANE 2026”, ISIN FR0013410628). This amount is equivalent of c. 25 million of bonds. This early redemption option on March 25, 2024 was part of the terms and conditions of the bonds.

Under definitive terms and conditions prevailing, unless previously exchanged, redeemed, or purchased and cancelled, the remaining outstanding bonds will be redeemed at par on March 25, 2026, or they may also be redeemed prior to maturity at the discretion of the Company under certain conditions.

The number of potential dilutive shares linked to the outstanding OCEANE 2026 has therefore been decreased from 4,966,518 shares to 472,580 shares.

Investor Relations                                                        

Michiel Klinkers                        Marouane Mami                                                            

michiel.klinkers@airfranceklm.com        marouane.mami@airfranceklm.com

Website: www.airfranceklm.com

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• Air France KLM - OCEANE redemption

FAQ

What amount of OCEANE 2026 bonds did Air France-KLM repay?

Air France-KLM repaid €452 million of the outstanding €500 million of the bonds convertible into new shares and/or exchangeable for existing shares.

How many potential dilutive shares were reduced by the repayment?

The number of potential dilutive shares linked to the outstanding OCEANE 2026 bonds decreased from 4,966,518 shares to 472,580 shares.

What was the reason for the early redemption of the bonds?

The early redemption of the OCEANE 2026 bonds was at the request of the bondholders and was part of the terms and conditions of the bonds.

When will the remaining outstanding bonds be redeemed if not exchanged or redeemed earlier?

The remaining outstanding bonds will be redeemed at par on March 25, 2026, unless previously exchanged, redeemed, or purchased and cancelled.

How can the remaining outstanding bonds be redeemed prior to maturity?

The remaining outstanding bonds may also be redeemed prior to maturity at the discretion of the Company under certain conditions.