KLM takes €3.4bn Dutch bailout package that opens door for state to take stake

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By Mike Turner
29 Jun 2020

The Dutch part of Air France KLM has taken a €3.4bn bailout package from the Dutch government, which some analysts said includes the possibility for the state to increase its holding in the entire group.

The Dutch government has agreed to provide KLM with a €1bn 5.5 year direct loan and a 90% guarantee for a €2.4bn five year revolving credit facility provided by commercial banks. ABN Amro, ING and Rabobank coordinated the revolver.

KLM’s revolving credit facility pays Euribor plus 135bp. KLM will ...

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