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American Airlines | 8-K: Entering into the Amended and Restated Credit and Guaranty Agreement

American Airlines | 8-K: Entering into the Amended and Restated Credit and Guaranty Agreement

美国航空 | 8-K:签订经修订和重述的信贷和担保协议
美股sec公告 ·  06/04 16:41
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On June 4, 2024, American Airlines Group Inc. (AAG) and its subsidiary American Airlines, Inc. entered into a series of amendments to their credit agreements, resulting in a total of $2,890 million in aggregate revolving commitments. The amendments included the Tenth Amendment to the 2014 Credit Agreement, which established $1,500 million in new revolving credit commitments and $200 million in new letter of credit commitments, with a single maturity date of June 4, 2029. The Ninth Amendment to the 2013 Credit Agreement similarly established $500 million in new revolving credit commitments and $100 million in letter of credit commitments, also maturing on June 4, 2029. Additionally, the First and Second Amendments to the 2023 Credit Agreement were executed, creating a $890 million revolving credit facility and replacing the initial term loans with new term loans of the same principal amount, respectively. These amendments also adjusted interest rates and financial covenant thresholds. Concurrently, the company terminated all existing commitments under the April 2016 Credit Agreement. The changes were made to improve the company's financial flexibility and were detailed in the company's filings with the SEC.
On June 4, 2024, American Airlines Group Inc. (AAG) and its subsidiary American Airlines, Inc. entered into a series of amendments to their credit agreements, resulting in a total of $2,890 million in aggregate revolving commitments. The amendments included the Tenth Amendment to the 2014 Credit Agreement, which established $1,500 million in new revolving credit commitments and $200 million in new letter of credit commitments, with a single maturity date of June 4, 2029. The Ninth Amendment to the 2013 Credit Agreement similarly established $500 million in new revolving credit commitments and $100 million in letter of credit commitments, also maturing on June 4, 2029. Additionally, the First and Second Amendments to the 2023 Credit Agreement were executed, creating a $890 million revolving credit facility and replacing the initial term loans with new term loans of the same principal amount, respectively. These amendments also adjusted interest rates and financial covenant thresholds. Concurrently, the company terminated all existing commitments under the April 2016 Credit Agreement. The changes were made to improve the company's financial flexibility and were detailed in the company's filings with the SEC.
2024年6月4日,美国航空集团公司(AAG)及其子公司美国航空公司签署了一系列合同修正案,总共获得了289亿美元的循环信贷承诺。修改包括2014年信贷协议的第十次修正案,建立了新的1,500亿美元循环信贷承诺和2亿美元的保函承诺,以2029年6月4日为单一到期日。2013年信贷协议的第九次修正案也同样设立了新的5亿美元循环信贷承诺和1亿美元的保函承诺,同样于2029年6月4日到期。此外,2023年信贷协议的第一次和第二次修正案也得以实施,分别创造了8.9亿美元的循环信贷设施并以同等本金数替代了最初的期限贷款。这些修改还调整了利率和财务契约门槛。同时,公司终止了2016年4月信贷协议下的所有现有承诺。这些更改旨在提高公司的财务灵活性,并在公司向SEC提交的文件中详细说明。
2024年6月4日,美国航空集团公司(AAG)及其子公司美国航空公司签署了一系列合同修正案,总共获得了289亿美元的循环信贷承诺。修改包括2014年信贷协议的第十次修正案,建立了新的1,500亿美元循环信贷承诺和2亿美元的保函承诺,以2029年6月4日为单一到期日。2013年信贷协议的第九次修正案也同样设立了新的5亿美元循环信贷承诺和1亿美元的保函承诺,同样于2029年6月4日到期。此外,2023年信贷协议的第一次和第二次修正案也得以实施,分别创造了8.9亿美元的循环信贷设施并以同等本金数替代了最初的期限贷款。这些修改还调整了利率和财务契约门槛。同时,公司终止了2016年4月信贷协议下的所有现有承诺。这些更改旨在提高公司的财务灵活性,并在公司向SEC提交的文件中详细说明。
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