Air France-KLM Issues €500 Million Senior Notes

On June 25, 2026, Air France-KLM announced the successful pricing of €500 million in Senior Unsecured Notes. These notes, under their Euro Medium Term Note (EMTN) Program, have a maturity of five years. They carry a fixed annual coupon rate of 4.250%, translating to a yield of 4.318%.

The proceeds from this issuance will primarily finance general corporate purposes. This move aims to optimize Air France-KLM’s balance sheet by simplifying its capital structure, cutting funding costs, and increasing senior debt proportion.

This issuance underscores investor confidence in Air France-KLM's credit quality and strategic direction. Standard & Poor’s rates the Group’s long-term debt as BB+, while Fitch Ratings assigns it a BBB-.

BNP Paribas, Citi, and Crédit Agricole CIB served as Global Coordinators. The Joint Active Bookrunners included Deutsche Bank, Goldman Sachs, ICBC, Santander, and SMBC.