American Airlines reprices and extends term loan B

American Airlines has repriced and extended a 2013-vintage term loan. The $1.867bn term loan B due 2020 priced at Libor + 275 basis points, from L+300bps in 2013, with a 0.75% Libor floor, while the tenor was extended by one year. Deutsche Bank was the lead bookrunner on the deal with a large group of commercial banks. It has been reported that the loan traded at a slight premium to par and with the original terms.