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Air France Secures €1.06B Loan

Air France has secured a syndicated revolving credit facility worth €1.06 billion.

Air France has secured a syndicated revolving credit facility worth €1.06 billion. The new five-year loan will enable the French carrier to refinance its existing credit facility, which was due to mature in April 2012.

Air France has obtained the credit facility from a consortium of 14 lenders. The Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Crédit AgricoleCorporate and Investment Bank, Crédit Mutuel-CIC, HSBC France, Natixis, The Royal Bank of Scotland and Société Générale Corporate & Investment Banking were the mandated lead arrangers and book-runners.

Click here for the release from Air France.

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