Air France-KLM Announces the Successful Issuance of €500 Million Senior Notes under Its EMTN Program
Air France-KLM (AFLYY) priced €500 million of senior unsecured notes under its Euro Medium Term Note program.
Rhea-AI Summary
Air France-KLM (AFLYY) priced €500 million of senior unsecured notes under its Euro Medium Term Note program. The 5-year notes carry a fixed annual coupon of 4.250% with a 4.318% yield.
According to Air France-KLM, proceeds will fund general corporate purposes and support balance sheet optimization.
Positive
- €500 million senior unsecured notes successfully issued under EMTN program
- 5-year maturity with fixed 4.250% annual coupon and 4.318% yield
- Proceeds earmarked primarily for general corporate purposes
- Company highlights simplification of capital structure and lower funding costs
- Air France-KLM notes increased proportion of senior debt in capital structure
- Successful placement seen by company as investor confidence in its credit quality
Negative
- Issuance adds €500 million of senior debt obligations
- Fixed 4.250% coupon represents ongoing interest expense for five years
Details
News Market Reaction – AFLYY
On Jun 25, the day this news came out, AFLYY closed 2.31% above the previous close.
Data tracked by StockTitan Argus for the Jun 25 session.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Paris, 25 June 2026
Air France-KLM Announces the Successful Issuance of
Air France-KLM today successfully priced
The notes have a 5-year maturity and carry a fixed annual coupon of
The net proceeds from the transaction will primarily be used for general corporate purposes. This refinancing further supports Air France-KLM’s ongoing balance sheet optimization by simplifying its capital structure, reducing funding costs, and increasing the proportion of senior debt in its capital structure.
The successful completion of this transaction further demonstrates investor confidence in Air France-KLM’s credit quality and strategic direction.
The Group’s long-term debt is rated BB+ by Standard & Poor’s and BBB- by Fitch Ratings.
BNP Paribas, Citi and Crédit Agricole CIB acted as Global Coordinators, while Deutsche Bank, Goldman Sachs, ICBC, Santander and SMBC acted as Joint Active Bookrunners.
Investor Relations
Michiel Klinkers Loulou de Winter
michiel.klinkers@airfranceklm.com loulou-de.winter@airfranceklm.com
Website: www.airfranceklm.com
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