AMR launches term loan B repricing

By Sara Rosenberg

New York, April 24 - AMR Corp. held a conference call on Tuesday at 11 a.m. ET to launch a proposed repricing of its term loan B debt, according to a market source.

Citigroup is the left lead bank on the deal.

The term loan B repricing is being talked at Libor plus 175 to 200 basis points, the source said. Currently, the loan carries an interest rate of Libor plus 325 bps.

There is no soft call protection being offered.

AMR is a Fort Worth, Texas, airline company.

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