Latham & Watkins Advises American Airlines’ US$10 Billion Senior Secured Notes Offering and Loan Agreement

American Airlines Group Inc. closed its previously announced US$10 billion financing backed by the AAdvantage® program and used a portion of the proceeds to prepay its secured loan from the US Department of the Treasury. In doing so, American has terminated its loan commitments under the secured loan agreement as detailed in the company press release.

Latham & Watkins LLP represents American Airlines in the financing with a capital markets team led by Bay Area partner Tony Richmond and New York partner Benjamin Stern with associate Will Clark, Jackson Fountain, and Alec Shapiro. Advice was also provided on finance matters by New York partner Graeme Smyth with associate Sam Kwak; on banking matters by Washington, D.C. partner Benjamin Berman with associates Jennifer Kent, Jovanna Grant, Omar Jooma, Sarah Cunningham, and CJ Harrington II; on intellectual property issues by Bay Area partner Anthony Klein and Bay Area counsel Arielle Singh with associates Gil Halpern, Erica Chae, and Natasha Phillips; secured transaction advice provided by New York partner Larry Safran and counsel Brian Rock; and on tax matters by New York partner David Raab with associate Alan Kimball and Colleen O’Donnell.