(Bloomberg) — American Airlines Group Inc. is kicking off a $7.5 billion sale of bonds and leveraged loans backstopped by its frequent-flyer program, capitalizing on low borrowing costs to repay U.S. government loans that have helped it navigate the pandemic. The carrier is marketing two $2.5 billion series of notes maturing in 2026 and 2029, and a term loan credit facility of the same amount due in 2028, according to a news release. The new debt, which is secured against the company’s… Source link
Read More »American Air Borrowing $7.5 Billion in Loyalty-Backed Debt
