White & Case advises bank syndicate on new €1 Billion Air France-KLM multi-purpose facility

Global law firm White & Case LLP has advised a banking syndicate, including Natixis CIB and Société Générale as global coordinators, with Natixis CIB also acting as documentation agent, ABN AMRO Bank N.V, Banco Santander S.A, BNP Paribas, Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank, Crédit Industriel et Commercial, HSBC Continental Europe, Industrial and Commercial Bank of China Europe S.A Paris Branch, ING Bank N.V, La Banque Postale, Natixis CIB and Société Générale as mandated lead arrangers and bookrunners, on a new multi-purpose facility in the amount of €1 billion for Air France-KLM.

The facility, which can be drawn and redeemed at the borrower's full discretion, has an initial maturity in June 2028 and includes a one-year extension option, potentially extending the maturity to June 2029.

Air France-KLM is a major global air transport player. The transaction, which strengthens its financial flexibility and complements the Group's existing liquidity resources and diversified funding structure, will refinance existing financial instruments including instruments associated with the group's M&A activity (subject to applicable closing conditions).

The White & Case team in Paris which advised on the transaction was led by partner Denise Diallo and included associate Rafael Galvez.

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