Published on 1/10/2020 in the Prospect News High Yield Daily.
New Issue: Air France-KLM prices €750 million of 1 7/8% five-year bonds
By Wendy Van Sickle
Columbus, Ohio, Jan. 10 – Air France-KLM announced in a press release on Friday that it placed €750 million of 1 7/8% five-year bonds.
The Tremblay-en-France, France-based airline holding company plans to use the proceeds to fund its cash tender offer to repurchase its €600 million outstanding 3 7/8% notes due June 18, 2021, €400 million outstanding 3¾% notes due Oct. 12, 2022 and 6¼% undated deeply subordinated fixed-rate resettable notes callable in October 2020 with €403.3 million outstanding and for general corporate purposes.
| Issuer: | Air France-KLM
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| Securities: | Bonds
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| Amount: | €750 million
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| Tenor: | Five years
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| Coupon: | 1 7/8%
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| Announcement date: | Jan. 10
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