Air France-KLM Fully Repays French State-Backed Loan
16 March 2023 - 4:48AM
Dow Jones News
By Giulia Petroni
Air France-KLM has fully repaid the remaining 2.5 billion euros
($2.68 billion) from its initial EUR4 billion French state-backed
loan granted during the coronavirus crisis.
The Franco-Dutch carrier said Wednesday that it was able to do
so on the back of a solid cash position achieved at the end of
2022, as well as the EUR1 billion proceeds of the
sustainability-linked bond issued in January.
"This full repayment will contribute to smoothing the group's
debt profile, reduce financial costs and limit residual exposure to
floating rates," it said.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
March 15, 2023 13:33 ET (17:33 GMT)
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