Air France-KLM has signed a new multi-purpose credit facility for €1 billion with a syndicate of 12 international banks. The facility, which can be drawn and redeemed at the issuer's full discretion, has an initial maturity in June 2028 and includes a one-year extension option at the lenders' discretion, potentially extending the maturity to June 2029. The purpose is to refinance existing financial instruments, including those associated with the group's M&A activity that may arise from the second half of 2026. The transaction strengthens the group's financial flexibility and complements its existing liquidity resources, with the group planning to continue its financing strategy through bond issuances to meet annual debt and hybrid redemptions. The facility benefits from attractive conditions reflecting banking partners' confidence in Air France-KLM's credit profile, and it will not impact the group's Gross Debt and Net Debt to Current EBITDA ratio, which stood at 1.5x at the end of March.
Air France-KLM SAAir France-KLM secured a €1 billion credit facility to refinance debt and support M&A, strengthening financial flexibility.
HSBC Holdings PLC