Daily News: December 6, 2013

American Airlines to Reprice $1.9B Exit Financing

Reuters reported that American Airlines is seeking to reprice its $1.9 billion exit financing with Deutsche Bank, the lead arranger, citing Thomson Reuters sources. The article said the goal is to reprice the loan to a LIB+325 spread, with a 1% LIBOR floor.

According to Reuters , the repriced loan has an expected maturity day of June 27, 2019. The article noted the company is adding US Airways Group Inc. and US Airways Inc. as guarantors to back the new loan.

To read the entire Reuters story, click here.

Previously on abfjournal: Reuters: Court Approves U.S. Justice/AMR/US Airways Settlement, December 2, 2013