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Press release - Air France-KLM, Air France and KLM RCF extension

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Air France-KLM, Air France, and KLM have extended their Revolving Credit Facilities (RCF) linked to ESG KPIs, increasing the total amount to approximately €2.3 billion. The extension includes an additional €90 million and extends the maturity to 2027. KLM also extended its RCF to 2028, totaling €1.0 billion. The RCFs were coordinated by various financial institutions, with Crédit Agricole Corporate and Investment Bank (CACIB) and Natixis playing key roles.
Air France-KLM, Air France e KLM hanno esteso le loro Linee di Credito Revolving (RCF) collegate agli indicatori di prestazione ESG, aumentando l'importo totale a circa 2,3 miliardi di euro. L'estensione include un ulteriore finanziamento di 90 milioni di euro e prolunga la scadenza al 2027. Anche KLM ha esteso il suo RCF fino al 2028, raggiungendo un totale di 1,0 miliardi di euro. Le RCF sono state coordinate da varie istituzioni finanziarie, con Crédit Agricole Corporate e Investment Bank (CACIB) e Natixis che hanno svolto ruoli chiave.
Air France-KLM, Air France y KLM han ampliado sus Facilidades de Crédito Revolvente (RCF) vinculadas a los indicadores ESG, incrementando el monto total a aproximadamente 2,3 mil millones de euros. La ampliación incluye 90 millones de euros adicionales y extiende el vencimiento hasta 2027. KLM también ha extendido su RCF hasta 2028, alcanzando un total de 1,0 mil millones de euros. Las RCF fueron coordinadas por diversas instituciones financieras, siendo Crédit Agricole Corporate e Investment Bank (CACIB) y Natixis los principales actores.
에어 프랑스-KLM, 에어 프랑스, KLM은 ESG 성과 지표와 연계된 회전 신용 한도(RCF)를 확장하여 총 금액을 약 23억 유로로 증가시켰습니다. 이 확장에는 추가로 9천만 유로가 포함되어 만기가 2027년까지 연장되었습니다. KLM은 또한 자신의 RCF를 2028년까지 확장하여 총 10억 유로에 이릅니다. 이 RCF들은 크레디 아그리콜 기업 및 투자 은행(CACIB)과 나티시스가 주요 역할을 한 여러 금융 기관에 의해 조정되었습니다.
Air France-KLM, Air France et KLM ont prolongé leurs facilités de crédit renouvelable (RCF) liées aux indicateurs de performance ESG, portant le montant total à environ 2,3 milliards d'euros. L'extension comprend 90 millions d'euros supplémentaires et repousse l'échéance à 2027. KLM a également prolongé son RCF jusqu'en 2028, atteignant un total de 1,0 milliard d'euros. Les RCF ont été coordonnées par diverses institutions financières, avec la Banque Crédit Agricole Corporate et Investment Bank (CACIB) et Natixis jouant des rôles clés.
Air France-KLM, Air France und KLM haben ihre revolvierenden Kreditfazilitäten (RCF), die an ESG-Leistungskennzahlen gekoppelt sind, erweitert und den Gesamtbetrag auf etwa 2,3 Milliarden Euro erhöht. Die Erweiterung umfasst zusätzliche 90 Millionen Euro und verlängert die Laufzeit bis 2027. KLM hat ebenfalls seine RCF bis 2028 erweitert, was insgesamt 1,0 Milliarden Euro ergibt. Die RCFs wurden von verschiedenen Finanzinstitutionen koordiniert, wobei Crédit Agricole Corporate und Investment Bank (CACIB) und Natixis eine Schlüsselrolle spielten.
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Paris, 17 April 2024

Air France-KLM, Air France and KLM have executed the first one-year extension option of their Revolving Credit Facilities linked to ESG KPIs

Last year April, Air France-KLM, Air France and KLM executed two Revolving Credit Facilities (“RCF”) linked to ESG KPIs with a large pool of international financial institutions, for a total amount of €2.2 billion.

Air France-KLM and Air France executed the accordion option in the facility to increase the RCF with an amount of €90 million bringing the amount of the two RCFs to approximately €2.3 billion.

Air France-KLM and Air France

Air France-KLM and Air France, combined borrower signed last year April a €1.2 billion Sustainability-Linked RCF. This facility had an initial 2026 maturity, included two one-year extension options and an accordion increase option. Today Air France-KLM and Air France announced having executed the extension option for one year, extending to a 2027 maturity and the accordion increase option of €90 million, bringing the total size to approximately €1.3 billion.

Crédit Agricole Corporate and Investment Bank (CACIB) and Natixis were jointly acting as Global Coordinators, ESG Coordinators and Documentation Agents for RCFs concluded with a syndicate of now 16 international banks.

KLM

Last year April, KLM signed a €1.0 billion RCF including ESG Key Performance Indicators.
This RCF had an initial 2027 maturity and included two one-year extension options and an accordion option. Today KLM announced having executed the extension option for one year, extending to a 2028 maturity.

ABN AMRO, ING and Rabobank (document agent) were the RCF coordinators, with Crédit Agricole Corporate and Investment Bank (CACIB) acting as coordinator for the ESG targets. KLM’s RCF was concluded with a syndicate of 14 international banks.

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 total amount of the extended Revolving Credit Facilities for Air France-KLM, Air France, and KLM?

The total amount of the extended Revolving Credit Facilities for Air France-KLM, Air France, and KLM is approximately €2.3 billion.

What is the additional amount included in the extension of the Revolving Credit Facilities?

The extension includes an additional €90 million in the Revolving Credit Facilities.

What is the new maturity year for Air France-KLM and Air France's RCF extension?

The new maturity year for Air France-KLM and Air France's RCF extension is 2027.

What is the total amount of KLM's extended Revolving Credit Facility?

KLM's extended Revolving Credit Facility totals €1.0 billion.

Which financial institutions were involved in coordinating the RCFs for Air France-KLM, Air France, and KLM?

Crédit Agricole Corporate and Investment Bank (CACIB) and Natixis were key coordinators for the RCFs of Air France-KLM, Air France, and KLM.

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