KLM has completed a €575 million revolver replacing a €540 million loan from July 2011, which matures in July 2016. KLM increased the latest deal from launch its €500m launch price in syndication as it was oversubscribed. Even so the fall of the euro against the US Dollar means that KLM’s new facility, although larger in euros, is worth less in dollars than the original facility by over €100m. Air France-KLM now has €1.8bn of undrawn credit facilities to hand. ABN Amro and ING jointly coordinated the deal with Rabobank as facility agent. Citi, DBS Bank, Rabobank and ICBC were
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