KLM Royal Dutch Airlines has finalized a €575 million ($635 million) revolving credit facility, taking Air France-KLM’s total undrawn credit to €1.845 billion. The Dutch carrier’s former facility was not due to mature until July 2016, but it opted for early refinancing with the deal. KLM’s new credit line, which it claims has “improved terms,” will run for five years and involves 10 international banks. “The transaction was launched at ...

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