Leveraged Loan Market Suffering From Market Fatigue

Reuters reported 275 companies have turned to the leveraged loan market in the last three months, which has caused the $1 trillion market to suffer from market fatigue

Barclays Agents $300MM Upsize for American Airlines

American Airlines and American Airlines Group amended its credit facility and guarantee agreement with Barclays Bank as administrative agent. A new $300 million revolving credit facility was added. The airlines amended two other facilities, reducing the aggregate amounts on both.

Citibank Agents $1.15B Facility For American Airlines

American Airlines closed a $1.25 billion credit facility with Citibank as administrative and collateral agent.

Barclays Agents $1B American Airlines Facility

American Airlines entered into a $1 billion credit and guaranty agreement with Barclays Bank.

Fitch Assigns BB+/RR1 Rating for American Air Revolver

Fitch Ratings has assigned a rating of BB+/RR1 to American Airlines’ senior secured credit facility. American is expected to enter into new $1.15 billion senior secured credit facilities.

Hastings Wins Award for Airline Merger Representation

Paul Hastings announced the firm was recognized by Global Competition Review , an antitrust and competition news publication, for its work in the US Airways/American Airlines merger.

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. The article said the goal is to reprice the loan to a LIB+325 spread, with a 1% LIBOR floor

WSJ: AMR, US Airways Reach Settlement on Merger

The Wall Street Journal reported AMR and US Airways settled the Justice Department’s antitrust suit, paving the way for a roughly $16 billion merger that will create the world’s largest airline.

WSJ Reports Latest Setbacks for AMR-US Airways Merger

A Wall Street Journal blog reported that US Airways Group and American Airlines parent AMR suffered setbacks Thursday in preparations for the Justice Department’s case against their proposed merger.

AMR May Target JetBlue for Takeover

JetBlue Airways may become a takeover target for American Airlines or US Airways Group if federal regulators succeed in derailing AMR’s merger, Bloomberg reported.