On March 18, 2020, American Airlines secured a 364-day $1bn senior secured delayed draw term loan credit facility, due to be paid in a single installment on March 17, 2021. Borrowings of term loans under the facility are priced at an index rate plus an applicable index margin or, at American’s option, LIBOR (subject to a floor of 1.00%) plus an applicable LIBOR margin for interest periods of one, three or six months. For term loans under the facility based on an index rate, the margin will be 1.00% for such term loans made up to 180 days after the

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