The Air France-KLM Group announces that it has drawn down its revolving credit facility for a total amount of 1.1 billion eur...
13 Marzo 2020 - 7:30AM
The Air France-KLM Group announces that it has drawn down its
revolving credit facility for a total amount of 1.1 billion euros
Roissy, 13 March 2020
The Air France-KLM Group announces that
it has drawn down its revolving credit facility for a total amount
of 1.1 billion euros
The Air France-KLM Group has always based its
financial strategy on long-term financing, high cash reserves
supplemented by significant liquidity lines provided by major
banks.
From the start of the COVID-19 crisis, the Air
France-KLM Group implemented measures to protect its passengers and
employees, but also to limit the impact of the virus on its
profitability and preserve its financial flexibility.
In that context, the Air France-KLM Group
announces that it has drawn down the revolving credit facility
agreement concluded on 29 April 2015 and amended on 6 November 2017
for a total amount of 1.1 billion euros divided into two tranches
of 550 million euros each. These tranches are renewable
successively at the request of Air France-KLM for periods of 1, 3
or 6 months until 6 November 2022.
The Air France-KLM Group therefore now has more
than 5.5 billion euros of total liquidity immediately available to
meet possible changes in the environment.
Investor
relations
PressOlivier
Gall
Wouter van
Beek
+33 1 49 89 52 59
+33 1 49 89 52
60
+33 1 41 56 56
00olgall@airfranceklm.com
wouter-van.beek@airfranceklm.comWebsite: www.airfranceklm.com
- Press release Revolving Credit Facility 13 March 2020 VE
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