Roissy (France), 10 January 2020 – Air France-KLM (the “Company”) (Euronext Paris: FR0000031122) announces today the successful placement of an issue of €750 million senior notes (the “Notes”), with a 5-year maturity and bearing coupon at an annual rate of 1.875%. The net proceeds of the issue will be used to fund all or part of the tender offer on three series of existing notes launched and announced by the Company on 6 January 2020 (the “Tender Offer”), as well as general corporate purposes of the Company. The indicative date for the expiration of the Tender Offer is scheduled for 13 January 2020. The results of the Tender Offer will be announced on 14 January 2020 and the settlement date for the Tender Offer and the issue of the Notes is scheduled for 16 January 2020.
This transaction is part of the Company’s ongoing dynamic management of its balance sheet structure. This new issue, combined with the Tender Offer, will contribute to reduce the overall cost of debt of the group and extend its maturity profile.