American Airlines has amended its outstanding term loans from 2014. Under this eighth amendment of the 2014 credit agreement, American, has refinanced the existing term loans and borrowed an additional $17.8 million to pay for the associated fees and expenses, which raises the principal amount available to $1.220bn.  The interest rate margin on the 2020 term loans is 1.75% for those loans with interest rates based on LIBOR (compared to 2.00% for the existing term loans), with a floor of 0%, and 0.75% for loans with interest rates based on an index (compared to 1.00% for the existing term loans).

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