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Clifford Chance advises the lenders in relation to KLM's new credit facility linked to ESG objectives

19 April 2023

Clifford Chance advises the lenders in relation to KLM's new credit facility linked to ESG objectives

International law firm Clifford Chance has advised the lenders, a syndicate of 14 international banks, in relation to KLM's new revolving credit facility (RCF) linked to ESG objectives regarding sustainability and social responsibility.

This relates to an amount of €1 billion for a term of four years, with an option to extend for a further two years. KLM is therefore closing the direct loan and credit facility guaranteed by the Dutch government as of the same date. Read more about the credit facility here.

The Clifford Chance team was led by Jelle Hofland and Amin Tamaddoni, and further consisted of Niels Kuil (Finance), Floris van de Bult, Sanne Blankestijn (Employment), Nolan Groenland, Robin Houtveen, Johan Anton Niesten (Tax) and Erwin Schreuder (Regulatory).