By Katherine Hamilton
American Airlines refinanced its existing term loans under a 2014 credit agreement.
It incurred term loans in an aggregate principal amount of $1.15 billion and incremental term loans in an aggregate principal amount of $703.2 million, the airline said in a Friday filing.
The new term loans bear interest at a base rate plus an applicable margin of 2% per year, or teh SOFR rate for a tenor of three months, plus an applicable margin of 3% per year.
The loans have a maturity date of May 29, 2033.
They will be repaid in installments of 1% of the aggregate amount of 2026 term loans outstanding on the effective date.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
May 29, 2026 17:56 ET (21:56 GMT)
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