Air France-KLM has signed a new, multi-purpose EUR1 billion euro (USD1.1 billion) credit facility with a syndicate of twelve international banks. The revolving facility will mature in June 2028, although includes an option to extend to June 2029, subject to the lenders’ approval. The facility will be used to finance the group’s mergers and acquisitions activity. The holding is finalising the acquisition of a majority stake in SAS Scandinavian Airlines and is bidding to buy a minority stake in TAP Air Portugal. Air France-KLM stated that its primary financing strategy will continue to rely on bond issuances.