American Airlines increase revolver

Lauren Eldershaw
By Lauren Eldershaw December 11, 2018 15:09

American Airlines increase revolver

On December 10, 2018, American Airlines increased its revolving credit facilities by $342.5 million resulting in total revolving credit facilities of $2,842.5 million. The maturity date of the facility was extended to October 13, 2023 from October 13, 2022, and price reduced from LIBOR to 2.00% from 2.25% and reduced the margin for revolving loans with interest rates based on an index to 1.00% from 1.25%.

Lauren Eldershaw
By Lauren Eldershaw December 11, 2018 15:09