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Form 8-K · Current Report · Filed 2024-12-23

American Airlines Group Announces Amendments to Credit Agreements

On December 19, 2024, and December 23, 2024, American Airlines, Inc.

Filer
American Airlines Group Inc. AAL · NASDAQ
Filed
Accession
0001193125-24-284304
CIK
0000006201
Signal
Medium impactIndustrials

Details

and American Airlines Group Inc. entered into amendments to their credit agreements with lenders, replacing existing term loans with new term loans. On December 19, 2024, the Tenth Amendment to the Amended and Restated Credit and Guaranty Agreement replaced $980 million in Prior 2013 Term Loans with new Replacement 2013 Term Loans. On December 23, 2024, the Third Amendment to the Credit and Guaranty Agreement replaced $1,089 million in Prior 2023 Term Loans with new Replacement 2023 Term Loans. These amendments include adjustments to interest rates and financial covenant thresholds.

Items reported

Item 1.01

Entry into a Material Definitive Agreement

Financial Instrument Agreement
Item 2.03

Creation of a Direct Financial Obligation

Credit Facility Entered
Item 9.01

Financial Statements and Exhibits

No viable tag

Market reaction

Close before filing

$16.88

Next session

+2.8%

Since filing

-9.5%

Latest close

$15.27

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from AAL reporting the same item, with the next session's move:

Exhibits (2)

About American Airlines Group Inc.

American Airlines Group Inc., a major airline holding company, operates one of the most extensive networks in the aviation industry. Known for offering domestic and international services, it connects passengers with destinations across the globe. American Airlines plays a crucial role in the travel and tourism sector, influencing hospitality, transportation, and associated industries by facilitating business and leisure travel. Its fleet comprises a variety of aircraft designed for different route lengths and capacities, ensuring operational efficiency and passenger comfort. As an industry leader, American Airlines Group is pivotal in shaping airline standards related to safety, customer service, and environmental responsibility. Additionally, it impacts employment and economic activity in regions served by its flights, making it an essential component of the global transport infrastructure.

Exchange NASDAQ Industry Airlines Company website ↗

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