American Airlines contemplating new $1.8 billion credit facility

By Sara Rosenberg

New York, Sept. 18 – American Airlines Inc. is considering getting a new $1.8 billion secured credit facility, according to an 8-K filed with the Securities and Exchange Commission on Thursday.

Citigroup Global Markets Inc. is the lead arranger on the deal.

The facility would consist of an $800 million five-year revolver and a $1 billion seven-year term loan.

Proceeds would be used for general corporate purposes.

American Airlines is a Fort Worth, Texas-based airline company.

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