American Airlines borrows $2.73 billion under three revolvers

By Wendy Van Sickle

Columbus, Ohio, April 1 – American Airlines, Inc. borrowed $2.73 billion under three revolving credit facilities on Wednesday, according to an 8-K filing with the Securities and Exchange Commission.

American borrowed the full $450 million under an April 2016 revolver with Barclays Bank plc as administrative agent and the full $750 million under a 2013 revolver with Deutsche Bank AG New York Branch as administrative agent.

The company also borrowed $1,532,500,000 under a 2014 revolver with Citibank, NA as administrative agent, leaving $110 million of availability under this credit facility.

As previously reported, the company announced last week that it had borrowed $1 billion under a senior secured delayed-draw term loan entered on March 18.

The company is a Fort Worth-based airline.

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