Latham & Watkins Advises American Airlines on US$1.85 Billion Term Loan Refinancing

American Airlines, Inc. (NASDAQ: AAL) has completed a refinancing of its existing Atlantic SGR term loan facility, consisting of a US$1.15 billion refinancing of prior term loans and a US$700 million incremental term loan add‑on. The transaction was completed through an amendment to the company’s existing credit agreement and extends the maturity of the term loans to May 2033.

Latham & Watkins LLP represented American Airlines in the transaction with a finance team led by Washington, D.C. partners Benjamin Berman and Jennifer Kent and New York partner Graeme Smyth, with associates Jake Goodman, Matt Bargamin, and Catherine Cook. Advice was also provided on capital markets matters by New York partner Benjamin Stern and New York counsel Gemma Mootoo Rajah, with associates Paul Lau, Emma Fichtel, and Olivia Wagner; and on tax matters by New York partners David Raab and Alan Kimball, with associate Michael Yu.