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American Airlines | 8-K: Tenth Amendment to Amended and Restated Credit and Guaranty Agreement

American Airlines | 8-K: Tenth Amendment to Amended and Restated Credit and Guaranty Agreement

美国航空 | 8-K：第十修正案至修订和重述的信用与担保协议
美股SEC公告 ·  2024/12/24 06:21

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American Airlines and American Airlines Group have amended two credit agreements on December 19 and 23, 2024, refinancing a total of $2.07 billion in term loans. The amendments affect the 2013 and 2023 Credit Agreements, replacing existing term loans with new ones bearing similar principal amounts.Under the Tenth Amendment to the 2013 Credit Agreement, $980 million in term loans were replaced. The new loans bear interest at a base rate plus 1.25% or SOFR rate plus 2.25%. The amendment also reduced the minimum liquidity covenant from $2.2 billion to $2 billion. Similarly, the Third Amendment to the 2023 Credit Agreement replaced $1,089 million in term loans with new ones bearing the same interest terms.Both sets of replacement loans maintain substantially similar terms to their predecessors, with the 2013 loans notably not subject to a cost spread adjustment. These refinancing moves aim to optimize American Airlines' debt structure and potentially improve its financial flexibility.
American Airlines and American Airlines Group have amended two credit agreements on December 19 and 23, 2024, refinancing a total of $2.07 billion in term loans. The amendments affect the 2013 and 2023 Credit Agreements, replacing existing term loans with new ones bearing similar principal amounts.Under the Tenth Amendment to the 2013 Credit Agreement, $980 million in term loans were replaced. The new loans bear interest at a base rate plus 1.25% or SOFR rate plus 2.25%. The amendment also reduced the minimum liquidity covenant from $2.2 billion to $2 billion. Similarly, the Third Amendment to the 2023 Credit Agreement replaced $1,089 million in term loans with new ones bearing the same interest terms.Both sets of replacement loans maintain substantially similar terms to their predecessors, with the 2013 loans notably not subject to a cost spread adjustment. These refinancing moves aim to optimize American Airlines' debt structure and potentially improve its financial flexibility.
美国航空及其集团于2024年12月19日和23日修订了两项信贷协议， 再融资总计20.7亿美元的定期贷款。这些修订影响了2013年和2023年的信贷协议，用新的定期贷款替代现有的定期贷款，新的贷款金额相似。根据2013年信贷协议的第十次修订，替换了98000万美元的定期贷款。新贷款的利率为基准利率加1.25%或SOFR利率加2.25%。此次修订还将最低流动性契约从22亿美元降低至20亿美元。同样，2023年信贷协议的第三次修订将108900万美元的定期贷款替换为利率条款相同的新贷款。这两组替换贷款与前身的条款基本相似，2013年的贷款显著不受成本差异调整的影响。这些再融资措施旨在优化美国航空的债务结构，并可能改善其财务灵活性。
美国航空及其集团于2024年12月19日和23日修订了两项信贷协议， 再融资总计20.7亿美元的定期贷款。这些修订影响了2013年和2023年的信贷协议，用新的定期贷款替代现有的定期贷款，新的贷款金额相似。根据2013年信贷协议的第十次修订，替换了98000万美元的定期贷款。新贷款的利率为基准利率加1.25%或SOFR利率加2.25%。此次修订还将最低流动性契约从22亿美元降低至20亿美元。同样，2023年信贷协议的第三次修订将108900万美元的定期贷款替换为利率条款相同的新贷款。这两组替换贷款与前身的条款基本相似，2013年的贷款显著不受成本差异调整的影响。这些再融资措施旨在优化美国航空的债务结构，并可能改善其财务灵活性。
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