OREANDA-NEWS. Air France-KLM and Air France signed with 18 banks the renewal of their 1.1 billion euro joint syndicated revolving credit facility executed in April 2015, and the first tranche of which was due to mature in April 2018. The new credit facility is divided in two tranches of 550 million euros each, one for an initial period of three years (with two one year extension options) and one for a duration of five years.

The syndicate comprises 18 leading banks: seven from France (BNP Paribas, Caisse d'Epargne Auvergne Limousin, CA CIB, Credit Industriel et Commercial, Banque Federative Credit Mutuel, Natixis and Societe Generale), one from the UK (HSBC France), two from Germany (Deutsche Bank and Commerzbank), three from the United States (Citi, Goldman Sachs and Morgan Stanley), two from Spain (Banco Santander and Banco Sabadell), two from Italy (Monte Paschi Banque SA Paris and Banca Monte Paschi Belgio SA) and one from China (Bank of China). Natixis has coordinated the transaction as Documentation Agent and will still act as Facility Agent.