American Airlines tightens $300 million add-on term loan to 99.75 OID

By Sara Rosenberg

New York, Sept. 12 – American Airlines Inc. revised the original issue discount on its fungible $300 million add-on term loan (//BB+) due 2021 to 99.75 from 99.5, according to a market source.

Pricing on the add-on term loan is Libor plus 200 basis points with a 0% Libor floor.

J.P. Morgan Securities LLC is the lead bank on the deal. Citigroup Global Markets Inc. is the administrative agent.

Proceeds will be used for general corporate purposes.

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

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