Air France-KLM launches a tender offer to repurchase three series of existing notes subject to the success of a new issue of ...
06 Gennaio 2020 - 11:50AM
Air France-KLM launches a tender offer to repurchase three series
of existing notes subject to the success of a new issue of notes
Press release
Air France-KLM launches a tender offer
to repurchase three series of existing notes subject to the success
of a new issue of notes
Roissy (France), 6
January 2020 – Air France-KLM (the
“Company”) (Euronext Paris: FR0000031122)
announces today the launch of a tender offer to repurchase the
following three series of existing notes in cash:
-
€600,000,000 3.875 per cent. Notes due 18 June 2021 (ISIN:
FR0011965177) (of which €600,000,000 is currently outstanding) (the
“2021
Notes”),- €400,000,000
3.750 per cent. Notes due 12 October 2022 (ISIN: FR0013212958) (of
which €400,000,000 is currently outstanding) (the “2022
Notes”), and-
€600,000,000 6.250 per cent. Undated Deeply Subordinated Fixed Rate
Resettable Notes Callable in October 2020 (ISIN: FR0012650281) (of
which €403,300,000 is currently outstanding) (the “Undated
Notes”, and together with the 2021 Notes and the 2022
Notes, the “Existing Notes”) (the
“Tender Offer”).
The Tender Offer is conditional upon the
settlement of a new issue of senior fixed rate benchmark notes
denominated in euros (the “New Notes”) which would
be launched concurrently with the Tender Offer and the net
proceeds of which would be used to fund all or part of the
Tender Offer and for general corporate purposes.
This transaction is part of the Company’s
ongoing dynamic management of its balance sheet structure. The
Tender Offer, combined with the new issue of senior notes, will
contribute to reduce the overall cost of debt and extend its
maturity profile.
The indicative date for the expiration of the
Tender Offer is scheduled for 13 January 2020.
Investor
Relations Olivier Gall+33 1 49 89 52
59olgall@airfranceklm.com |
Wouter van
Beek+33 1 49 89 52 60Wouter-van.Beek@airfranceklm.com |
Press +33 1 41 56 56 00 |
Disclaimer
This press release does not constitute an offer
to subscribe the New Notes nor an invitation to participate in the
Tender Offer in or from any country or jurisdiction to whom or in
which such offer would be unlawful under the applicable laws and
regulations. The Tender Offer is made under the terms and
conditions set out in the Tender Offer Memorandum dated January 6,
2020.
This press release is not a prospectus for the
purposes of the Regulation (EU) 2017/1129 (the “Prospectus
Regulation”).
The New Notes are not being subject to a public
offering in any country or jurisdiction, including in France, to
any person other than qualified investors. Tenders of Existing
Notes for purchase pursuant to the Tender Offer from qualifying
holders shall not be accepted in any circumstances where such offer
or solicitation is unlawful. The Company does not make any
recommendation as to whether or not qualifying holders should
participate in the Tender Offer.
The distribution of this press release may be
restricted by law in certain jurisdictions. Persons into whose
possession this press release comes should inform themselves about
and observe any applicable legal and regulatory restrictions.
Prohibition of sales to EEA retail
investors
The New Notes are not intended to be offered,
sold or otherwise made available to and should not be offered,
sold, or otherwise made available to any retail investors in the
European Economic Area (the “EEA”). For these
purposes, a retail investor means a person who is one (or more)
of:
- a retail client as defined in point (11) of Article 4(1) of
Directive 2014/65/EU as amended (“MiFID II”);
and/or
- a customer within the meaning of Directive 2016/97/EU as
amended, where that customer would not qualify as a professional
client as defined in point (10) of Article 4(1) of MiFID II.
France
This press release is only directed at qualified
investors as defined in Article 2 point (e) of the Prospectus
Regulation and in accordance with Article L. 411-2, 1° of the
French Code monétaire et financier.
United Kingdom
This press release is only directed at qualified
investors who are (i) persons having professional experience in
matters relating to investments who fall within the definition of
“investment professionals” in Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
“Order”); or (ii) high net worth entities falling
within Article 49(2)(a) to (d) of the Order, or (iii) other persons
to whom it may otherwise be lawfully communicated.
United States
This press release does not constitute or form a
part of any offer or solicitation to purchase or subscribe for
notes nor of any offer or solicitation to sell notes in the United
States. The notes have not been and will not be registered under
the Securities Act of 1933, as amended (the “Securities
Act”) or with any securities regulatory authority of any
state or other jurisdiction in the United States, and may not be
offered, sold, pledged or otherwise transferred within the United
States or to, or for the account or benefit of, U.S. persons (as
defined in Regulation S of the Securities Act (each a “U.S.
Person”)), directly or indirectly. The notes are being
offered and sold only outside the United States to non-U.S. Persons
in compliance with Regulation S under the Securities Act.
The Tender Offer is not being made and will not
be made directly or indirectly in or into, to owners of notes who
are located in the United States as defined in Regulation S of the
Securities Act and such Existing Notes may not be tendered in the
Tender Offer by any such use, means, instrumentality or facility
from or within the United States, by persons located or resident in
the United States or by U.S. Persons. Accordingly, copies of this
press release are not being, and must not be, directly or
indirectly, mailed or otherwise transmitted, distributed or
forwarded in or into the United States or to any such person. Any
purported offer to sell in response to the Tender Offer resulting
directly or indirectly from a violation of these restrictions will
be invalid, and offers to sell made by a person located in the
United States or any agent, fiduciary or other intermediary acting
on a non-discretionary basis for a principal giving instructions
from within the United States or any U.S. Person will not be
accepted.
- Williamson_CP Lancement_EN
Grafico Azioni Air FranceKLM (EU:AF)
Storico
Da Feb 2024 a Mar 2024
Grafico Azioni Air FranceKLM (EU:AF)
Storico
Da Mar 2023 a Mar 2024