Overview of Air France-KLM HC Bonds
Air France-KLM, a prominent player in the airline industry, has issued HC Bonds that offer special features beneficial to holders. These deeply subordinated perpetual bonds, designated under ISIN FR001400DU47, allow for conversion into new shares or exchange for existing shares, presenting an attractive opportunity for investors seeking growth and stability within the company.
Details of the Early Redemption
The Company has made an important announcement regarding the early redemption of the HC Bonds. This decision aligns with the terms outlined in the bond's offering. According to the provision specified in Article 1.9(a)(iii), Air France-KLM intends to redeem all outstanding HC Bonds at a price of €100,000 per bond, plus accrued interest of €1,625. This redemption will occur on November 24, 2025, allowing holders to receive their investment back, complemented by interest income.
Important Deadlines for HC Bond Holders
Holders of the HC Bonds possess specific rights regarding the conversion into shares. It's crucial to note that these rights can be exercised until the 10th business day before the First Hard Call Date. This window closes on November 10, 2025, which is a pivotal deadline for action on behalf of bondholders. This emphasizes the significance of timely decision-making for those who wish to maintain their stake in Air France-KLM.
Conversion and Exchange Ratios
As of this notice, the conversion/exchange ratio for the HC Bonds stands at 6,549.6463 ordinary shares of Air France-KLM for each bond. This ratio is a key consideration for bondholders contemplating their options, as it showcases the potential value embedded in the bonds. The calculation reflects the company's commitment to providing holders with favorable terms conducive to investment growth.
Company Information and Contacts
For further inquiries or clarifications regarding the HC Bonds, investors can reach out to Air France-KLM's dedicated investor relations team. Michiel Klinkers and Marouane Mami are available to assist with any questions or concerns that bondholders might have regarding this process.
They can be contacted via email. Michiel can be reached at michiel.klinkers@airfranceklm.com, while Marouane is also available at mamami@airfranceklm.com. Their partnership in the investor relations department ensures that all inquiries receive the attention they warrant.
Frequently Asked Questions
What are the HC Bonds issued by Air France-KLM?
The HC Bonds are deeply subordinated perpetual bonds convertible into new shares or exchangeable for existing shares of Air France-KLM.
When is the early redemption of HC Bonds scheduled?
The early redemption is scheduled for November 24, 2025, at the redemption price of €100,000 per bond plus accrued interest.
What is the conversion ratio for the HC Bonds?
The conversion/exchange ratio is currently set at 6,549.6463 ordinary shares per bond, reflecting the value proposition for bondholders.
Can bondholders exercise their conversion rights at any time?
Bondholders may exercise their conversion rights until November 10, 2025, which is the deadline for actions prior to the First Hard Call Date.
Who can I contact for more information regarding my HC Bonds?
Investors can contact Michiel Klinkers or Marouane Mami via their respective emails for any queries or further information.
