American Airlines pulls term B-1 repricing, wraps 2023 loan repricing

By Sara Rosenberg

New York, Oct. 27 – American Airlines Inc. withdrew plans to reprice its $970 million term loan B-1 due 2019 and completed syndication on the repricing of its $1 billion senior secured term loan due 2023 at talk of Libor plus 250 basis points with a 0.75% Libor floor and a par issue price, according to a market source.

As before, the repriced 2023 term loan has 101 soft call protection for six months.

Talk on the pulled 2019 term loan B-1 repricing was Libor plus 225 bps with no Libor floor, a par issue price and 101 soft call protection for six months.

Barclays is the left lead on the deal.

The 2023 term loan is being repriced from Libor plus 275 bps with a 0.75% Libor floor.

Pricing on the 2019 term loan is Libor plus 275 bps with a 0.75% Libor floor.

American Airlines is a Fort Worth, Texas-based airline company.

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