American Airlines weighs debt deal to refinance Treasury loans
American Airlines Group is weighing a return to the debt market as soon as March to help pay back loans from the US government that have helped keep the company afloat through the pandemic. Goldman Sachs Group, which last year helped United Airlines Holdings use its frequent-flier program to backstop new debt, is sounding out potential credit investors in a debt deal for American, according to people familiar with the matter. American, which backed a $7.5b US Treasury loan with its frequent-flier program, is considering doing the same with its new debt, said the people, who asked not to be named because the matter is private. Terms are still fluid and could change, they said. Goldman is in talks with investors for a $7 billion to $9 billion refinancing in the coming months for the Fort Worth, Texas-based company, the people said. Discussions included the potential for a yield of 6% to 7%.vRepresentatives for American and Goldman Sachs declined to comment.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2021-02-15/oneworld/american-airlines-weighs-debt-deal-to-refinance-treasury-loans
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American Airlines weighs debt deal to refinance Treasury loans
American Airlines Group is weighing a return to the debt market as soon as March to help pay back loans from the US government that have helped keep the company afloat through the pandemic. Goldman Sachs Group, which last year helped United Airlines Holdings use its frequent-flier program to backstop new debt, is sounding out potential credit investors in a debt deal for American, according to people familiar with the matter. American, which backed a $7.5b US Treasury loan with its frequent-flier program, is considering doing the same with its new debt, said the people, who asked not to be named because the matter is private. Terms are still fluid and could change, they said. Goldman is in talks with investors for a $7 billion to $9 billion refinancing in the coming months for the Fort Worth, Texas-based company, the people said. Discussions included the potential for a yield of 6% to 7%.vRepresentatives for American and Goldman Sachs declined to comment.<br/>