Item 1.01 Entry into a Material Definitive Agreement.
On March 5, 2026, American Airlines, Inc., a Delaware corporation (the “Company”) and American Airlines Group Inc. (“AAG”) entered into certain credit agreement amendments with the lenders and other loan parties thereto, as described below. As a result of these amendments, the aggregate revolving commitments under the 2013 Revolving Facility, the 2014 Revolving Facility and the 2023 Revolving Facility, each as defined below, increased from $3.0 billion to $3.11 billion and the maturity of each facility was extended from June 4, 2029 to March 5, 2031.
On March 5, 2026, the Company and AAG entered into the Eleventh Amendment to Amended and Restated Credit and Guaranty Agreement (the “2014 Eleventh Amendment”), amending the Amended and Restated Credit and Guaranty Agreement, dated as of April 20, 2015 (as amended or amended and restated prior to the 2014 Eleventh Amendment, the “Prior 2014 Credit Agreement” and, as amended by the 2014 Eleventh Amendment, the “2014 Credit Agreement”), by and among the Company, AAG, the lenders party thereto, the issuing lenders party thereto and Citibank, N.A., as administrative agent. Pursuant to the 2014 Eleventh Amendment, the Company (A) established incremental revolving credit commitments in an aggregate amount of $1,295.8 million and new letter of credit commitments (which are part of, and not in addition to, the revolving credit commitments) in an aggregate amount of $195.0 million (the “2014 Revolving Facility”) and terminated all of the
pre-existing
revolving commitments and letter of credit commitments under the Prior 2014 Credit Agreement (the “Prior 2014 Revolving Facility”) and (B) amended certain other terms of the Prior 2014 Credit Agreement. The terms of the 2014 Revolving Facility are substantially similar to the terms of the Prior 2014 Revolving Facility, however, the revolving commitments under the Prior 2014 Revolving Facility had a maturity date of June 4, 2029, while the revolving commitments under the 2014 Revolving Facility have a maturity date of March 5, 2031.
Also on March 5, 2026, the Company and AAG entered into the Eleventh Amendment to Amended and Restated Credit and Guaranty Agreement (the “2013 Eleventh Amendment”), amending the Amended and Restated Credit and Guaranty Agreement, dated as of May 21, 2015 (as amended or amended and restated prior to the 2013 Eleventh Amendment, the “Prior 2013 Credit Agreement” and, as amended by the 2013 Eleventh Amendment, the “2013 Credit Agreement”), by and among the Company, AAG, the lenders party thereto, the issuing lenders party thereto and Barclays Bank PLC, as administrative agent. Pursuant to the 2013 Eleventh Amendment, the Company (A) established incremental revolving credit commitments in an aggregate amount of $362.8 million and new letter of credit commitments (which are part of, and not in addition to, the revolving credit commitments) in an aggregate amount of $155.0 million (the “2013 Revolving Facility”) and terminated all of the
pre-existing
revolving commitments and letter of credit commitments under the Prior 2013 Credit Agreement (the “Prior 2013 Revolving Facility”) and (B) amended certain other terms of the Prior 2013 Credit Agreement. The terms of the 2013 Revolving Facility are substantially similar to the terms of the Prior 2013 Revolving Facility, however, the revolving commitments under the Prior 2013 Revolving Facility had a maturity date of June 4, 2029, while the revolving commitments under the 2013 Revolving Facility have a maturity date of March 5, 2031.
Additionally, on March 5, 2026, the Company and AAG entered into the Fourth Amendment to Credit and Guaranty Agreement (the “Fourth Amendment”), amending the Credit and Guaranty Agreement, dated as of December 4, 2023 (as amended or amended and restated prior to the Fourth Amendment, the “Prior 2023 Credit Agreement” and, as amended by the Fourth Amendment, the “2023 Credit Agreement”), by and among the Company, AAG, the lenders party thereto and Citibank, N.A., as administrative agent. Pursuant to the Fourth Amendment, the Company (A) established incremental revolving credit commitments in an aggregate amount of $1,451.3 million (the “2023 Revolving Facility”) and terminated all of the
pre-existing
revolving commitments under the Prior 2023 Credit Agreement (the “Prior 2023 Revolving Facility”) and (B) amended certain other terms of the Prior 2023 Credit Agreement. The terms of the 2023 Revolving Facility are substantially similar to the terms of the Prior 2023 Revolving Facility, however, the commitments under the Prior 2023 Revolving Facility had a maturity date of June 4, 2029, while the commitments under the 2023 Revolving Facility have a maturity date of March 5, 2031.
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