American Airlines raises $1.85B in new term loans, refinances existing debt through 2033

Filed May 29, 2026 · Period ending May 29, 2026 · ~1 min read

Key Changes

• high

  American refinanced $1.15B existing term loans and borrowed $703M in new incremental loans, totaling $1.85B in fresh financing. The new debt matures May 2033 with minimal annual amortization of just 1% per year.

  Item 1.01 verify on EDGAR →
• medium

  Interest rate set at company's choice of base rate plus 2.00% or three-month SOFR plus 3.00%, both with 0% floor. Bulk of principal due at maturity in seven years rather than amortized over loan life.

  Item 1.01 verify on EDGAR →
• medium

  Transaction executed via twelfth amendment to company's 2015 credit facility with Citibank as administrative agent. Some amendment terms redacted from public filing under SEC rules.

  Item 1.01, Exhibit 10.1 verify on EDGAR →