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US AIRWAYS GROUP INC FILES (8-K) Disclosing Entry into a Material Definitive Agreement

January 23, 2014

ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On January 16, 2014 , US Airways, Inc. , as borrower (" US Airways "), and certain affiliates of US Airways , as guarantors, including US Airways Group, Inc. (" US Airways Group "), American Airlines, Inc. (" American Airlines ") and American Airlines Group Inc. (" American Airlines Group "), entered into an amendment (the "Loan Agreement Amendment") to the Loan Agreement dated as of May 23, 2013 , among US Airways , US Airways Group and certain other affiliates of US Airways signatory thereto, and Citicorp North America, Inc. , as administrative agent and collateral agent for the lenders thereunder, and which American Airlines and American Airlines Group joined as guarantors on December 9, 2013 . Pursuant to the Loan Agreement Amendment, among other things, (i) the LIBOR floor on the rate of interest payable thereunder with respect to the Tranche B1 Loans and the Tranche B2 Loans was reduced from 1.00% to 0.75% and (ii) the applicable margin thereunder with respect to the Tranche B1 Term Loans was reduced from 3.00% to 2.75%. --------------------------------------------------------------------------------


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Source: Edgar Glimpses


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