Air France KLM - OCEANE redemption
March 25 2024 - 1:00PM
Air France KLM - OCEANE redemption
Paris, March 25, 2024
Air France-KLM repaid €452 million of
OCEANE 2026 bonds
Today Air France-KLM announces that it has
repaid, at the request of the bondholders, c. €452 million of the
outstanding €500 million of the bonds convertible into new shares
and/or exchangeable for existing shares due March 25, 2026 (the
“OCEANE 2026”, ISIN FR0013410628). This amount is
equivalent of c. 25 million of bonds. This early redemption option
on March 25, 2024 was part of the terms and conditions of the
bonds.
Under definitive terms and conditions
prevailing, unless previously exchanged, redeemed, or purchased and
cancelled, the remaining outstanding bonds will be redeemed at par
on March 25, 2026, or they may also be redeemed prior to maturity
at the discretion of the Company under certain conditions.
The number of potential dilutive shares linked
to the outstanding OCEANE 2026 has therefore been decreased from
4,966,518 shares to 472,580 shares.
Investor
Relations
Michiel
Klinkers Marouane
Mami
michiel.klinkers@airfranceklm.com marouane.mami@airfranceklm.com
Website: www.airfranceklm.com
- Air France KLM - OCEANE redemption
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