American Airlines lifts revolver, extends two facilities to 2020

By Wendy Van Sickle

Columbus, Ohio, Oct. 27 – American Airlines, Inc. increased commitments under one revolving credit facility to $1,025,000,000 from $400 million on Monday and extended its maturity and that of another revolver to Oct. 10, 2020, according to an 8-K filed with the Securities and Exchange Commission.

The upsized revolver is a 2014 agreement that was amended and restated on May 21 and Citibank, NA is its administrative agent.

The other extended revolver is a 2013 agreement that was amended and restated April 20 and Deutsche Bank AG New York Branch is its administrative agent. Commitments under that revolver remain at $1.4 billion.

As of Monday, there were no borrowings or letters of credit outstanding under either revolver.

American Airlines is a Fort Worth-based airline.

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