Bulletin: American Airlines Group Inc. Ratings Unaffected By The Proposed Extension Of Its $1.2 Billion Term Loan Due 2021 - S&P Global Ratings’ Credit Research

Bulletin: American Airlines Group Inc. Ratings Unaffected By The Proposed Extension Of Its $1.2 Billion Term Loan Due 2021

Bulletin: American Airlines Group Inc. Ratings Unaffected By The Proposed Extension Of Its $1.2 Billion Term Loan Due 2021 - S&P Global Ratings’ Credit Research
Bulletin: American Airlines Group Inc. Ratings Unaffected By The Proposed Extension Of Its $1.2 Billion Term Loan Due 2021
Published Jan 14, 2020
2 pages (1023 words) — Published Jan 14, 2020
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Abstract:

NEW YORK (S&P Global Ratings) Jan. 14, 2020--S&P Global Ratings today said that its ratings on American Airlines Group Inc. (BB-/Stable/--) and its 'BB+' issue-level rating and '1' recovery rating on subsidiary American Airlines Inc.'s $1.2 billion term loan due 2021 are not affected by the company's announcement earlier today that it is seeking to extend the term loan's maturity to 2027. The collateral for both the term loan and the company's $1.643 billion revolving credit facility due 2024 are pari passu and comprise the airline's routes, gates, and slots related to flights between the U.S. and London's Heathrow International Airport and certain other European airports. The '1' recovery rating indicates our expectation for very high recovery (90%-100%: rounded estimate:

  
Report Type:

Bulletin

Ticker
AMR
Issuer
American Airlines Group Inc.
GICS
Airlines (20302010)
Sector
Global Issuers , Public Finance , Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: American Airlines Group Inc. Ratings Unaffected By The Proposed Extension Of Its $1.2 Billion Term Loan Due 2021" Jan 14, 2020. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-American-Airlines-Group-Inc-Ratings-Unaffected-By-The-Proposed-Extension-Of-Its-1-2-Billion-Term-Loan-Due-2021-2367844>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: American Airlines Group Inc. Ratings Unaffected By The Proposed Extension Of Its $1.2 Billion Term Loan Due 2021 Jan 14, 2020. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-American-Airlines-Group-Inc-Ratings-Unaffected-By-The-Proposed-Extension-Of-Its-1-2-Billion-Term-Loan-Due-2021-2367844>
  
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