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Latham Represents American Airlines in Refinancing US$1.75 Billion of Debt via Term Loan Extension and Concurrent Senior Secured Notes Offering

February 17, 2023
Finance and capital markets team advised the airline in the transaction.

American Airlines completed on February 15, 2023 its previously announced offering of US$750 million aggregate principal amount of 7.25% Senior Secured Notes due 2028 and extended a US$1 billion term B loan now due 2028, to refinance in full its previously existing term credit facility secured by South American slots, routes, and gates.  

Latham & Watkins LLP represents American Airlines in the refinancing and concurrent notes offering with a team led by partners Benjamin Stern and Benjamin Berman, with partners Tony Richmond, Greg Rodgers, Graeme Smyth, and Scott Forchheimer, counsel Gemma Mootoo Rajah, Will Hackett, and Brian Rock, and associates Marie Greenman, Dalton Downing, Taimi Jacobson, and Stacy Hwang.