American Air Borrowing $10 Billion in Record Airline Debt Sale_老虎社区_美港股上老虎

American Air Borrowing $10 Billion in Record Airline Debt Sale

Bloomberg2021-03-10

Combined size of bond, loan offering outweighs United, Delta Deal backed by frequent-flyer program will repay Treasury loan American Airlines Group Inc.has boosted the size and cut borrowing costs on...

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Kah
·2021-03-11
Please like and commnet
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- dannynggg:
  👍
  2021-03-11
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JFK
·2021-03-11
Like and comment.
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1
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HANDM
·2021-03-11
能借到就是本事啊
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3
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DeezNaans
·2021-03-11
Comment pls
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- XNOP593:
  Done
  2021-03-11
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Charmzys
·2021-03-11
Wonder if this will happen to other airlines
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TONGYK
·2021-03-11
Not good
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Rachaelyylee
·2021-03-11
Got hope?
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Rbj
·2021-03-11
Danger danger
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Zhaoxiang
·2021-03-11
?
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Nebhol
·2021-03-11
Danger ahead
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2
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- DeezNaans:
  comment pls
  2021-03-11
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458fd99c
·2021-03-11
Flying soon
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clwm
·2021-03-11
wow
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dryGin
·2021-03-11
Wow
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Glenna
·2021-03-11
hope wont impact the px so much
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mermaidhuat
·2021-03-11
alamak
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SweetieLook
·2021-03-11
wah
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ccmk
·2021-03-10
Comment and Like please :)
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- Huathk:
  Gd
  2021-03-11
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heartspanda
·2021-03-10
Ok
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Conanteh
·2021-03-10
Hi
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venis
·2021-03-10
Wow
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Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.</p>\n<p>The size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.</p>\n<p><img src=\"https://static.tigerbbs.com/f0a3c24bcf4f01a454329fb3498ac84f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>All three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.</p>\n<p>Loyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.</p>\n<p><img src=\"https://static.tigerbbs.com/d3a4d0e12c2c9e2cb2e1dcb4e895c3d5\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Proceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.</p>\n<p>Books close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.</p>\n<p>American is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. 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Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.\nThe size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.\n\nAll three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.\nLoyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.\n\nProceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.\nBooks close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.\nAmerican is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an all-in yieldof 12%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3765826,"gmtCreate":1615425903558,"gmtModify":1635756107991,"authorId":3574589862407814,"author":{"id":3574589862407814,"authorId":3574589862407814,"name":"dannynggg","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":321856274,"type":1,"supId":0,"prevId":0,"content":"👍","text":"👍","html":"👍"}],"langContent":"EN"},{"id":321867437,"gmtCreate":1615422965729,"gmtModify":1703488807385,"author":{"id":"3567221235003553","authorId":"3567221235003553","authorIdStr":"3567221235003553","name":"JFK","avatar":"https://static.tigerbbs.com/d8cdaf8b81ae245f2f2ea5ff303a6722","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3567221235003553"},"htmlText":"Like and comment.&nbsp;","listText":"Like and comment.&nbsp;","text":"Like and comment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321867437","repostId":2118696039,"repostType":4,"repost":{"id":"2118696039","pubTimestamp":1615388861,"share":"https://www.laohu8.com/m/news/2118696039?lang=&edition=full","pubTime":"2021-03-10 23:07","market":"us","language":"en","title":"American Air Borrowing $10 Billion in Record Airline Debt Sale","url":"https://stock-news.laohu8.com/highlight/detail?id=2118696039","media":"Bloomberg","summary":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program w","content":"<ul>\n <li>Combined size of bond, loan offering outweighs United, Delta</li>\n <li>Deal backed by frequent-flyer program will repay Treasury loan</li>\n</ul>\n<p>American Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.</p>\n<p>The carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.</p>\n<p>The size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.</p>\n<p><img src=\"https://static.tigerbbs.com/f0a3c24bcf4f01a454329fb3498ac84f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>All three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.</p>\n<p>Loyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.</p>\n<p><img src=\"https://static.tigerbbs.com/d3a4d0e12c2c9e2cb2e1dcb4e895c3d5\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Proceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.</p>\n<p>Books close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.</p>\n<p>American is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an&nbsp;all-in yieldof 12%.</p>\n<p></p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American Air Borrowing $10 Billion in Record Airline Debt Sale</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Air Borrowing $10 Billion in Record Airline Debt Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UAL":"联合大陆航空","AAL":"美国航空"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118696039","content_text":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.\nThe carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.\nThe size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.\n\nAll three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.\nLoyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.\n\nProceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.\nBooks close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.\nAmerican is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an all-in yieldof 12%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":321860869,"gmtCreate":1615422415851,"gmtModify":1703488793027,"author":{"id":"3556183628979008","authorId":"3556183628979008","authorIdStr":"3556183628979008","name":"HANDM","avatar":"https://static.tigerbbs.com/804eaf3f8b34a656fad28a5b156ba4a0","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3556183628979008"},"htmlText":"能借到就是本事啊","listText":"能借到就是本事啊","text":"能借到就是本事啊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321860869","repostId":2118696039,"repostType":4,"repost":{"id":"2118696039","pubTimestamp":1615388861,"share":"https://www.laohu8.com/m/news/2118696039?lang=&edition=full","pubTime":"2021-03-10 23:07","market":"us","language":"en","title":"American Air Borrowing $10 Billion in Record Airline Debt Sale","url":"https://stock-news.laohu8.com/highlight/detail?id=2118696039","media":"Bloomberg","summary":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program w","content":"<ul>\n <li>Combined size of bond, loan offering outweighs United, Delta</li>\n <li>Deal backed by frequent-flyer program will repay Treasury loan</li>\n</ul>\n<p>American Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.</p>\n<p>The carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.</p>\n<p>The size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.</p>\n<p><img src=\"https://static.tigerbbs.com/f0a3c24bcf4f01a454329fb3498ac84f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>All three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.</p>\n<p>Loyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.</p>\n<p><img src=\"https://static.tigerbbs.com/d3a4d0e12c2c9e2cb2e1dcb4e895c3d5\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Proceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.</p>\n<p>Books close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.</p>\n<p>American is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an&nbsp;all-in yieldof 12%.</p>\n<p></p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American Air Borrowing $10 Billion in Record Airline Debt Sale</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Air Borrowing $10 Billion in Record Airline Debt Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UAL":"联合大陆航空","AAL":"美国航空"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118696039","content_text":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.\nThe carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.\nThe size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.\n\nAll three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.\nLoyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.\n\nProceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.\nBooks close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.\nAmerican is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an all-in yieldof 12%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":321886499,"gmtCreate":1615422188311,"gmtModify":1703488785945,"author":{"id":"3575255962896727","authorId":"3575255962896727","authorIdStr":"3575255962896727","name":"DeezNaans","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575255962896727"},"htmlText":"Comment pls","listText":"Comment pls","text":"Comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/321886499","repostId":2118696039,"repostType":4,"repost":{"id":"2118696039","pubTimestamp":1615388861,"share":"https://www.laohu8.com/m/news/2118696039?lang=&edition=full","pubTime":"2021-03-10 23:07","market":"us","language":"en","title":"American Air Borrowing $10 Billion in Record Airline Debt Sale","url":"https://stock-news.laohu8.com/highlight/detail?id=2118696039","media":"Bloomberg","summary":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program w","content":"<ul>\n <li>Combined size of bond, loan offering outweighs United, Delta</li>\n <li>Deal backed by frequent-flyer program will repay Treasury loan</li>\n</ul>\n<p>American Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.</p>\n<p>The carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.</p>\n<p>The size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.</p>\n<p><img src=\"https://static.tigerbbs.com/f0a3c24bcf4f01a454329fb3498ac84f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>All three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.</p>\n<p>Loyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.</p>\n<p><img src=\"https://static.tigerbbs.com/d3a4d0e12c2c9e2cb2e1dcb4e895c3d5\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Proceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.</p>\n<p>Books close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.</p>\n<p>American is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an&nbsp;all-in yieldof 12%.</p>\n<p></p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American Air Borrowing $10 Billion in Record Airline Debt Sale</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Air Borrowing $10 Billion in Record Airline Debt Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UAL":"联合大陆航空","AAL":"美国航空"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118696039","content_text":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.\nThe carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.\nThe size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.\n\nAll three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.\nLoyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.\n\nProceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.\nBooks close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.\nAmerican is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an all-in yieldof 12%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3766411,"gmtCreate":1615430385168,"gmtModify":1635756071188,"authorId":3577092942653022,"author":{"id":3577092942653022,"authorId":3577092942653022,"name":"XNOP593","avatar":"https://static.tigerbbs.com/732877c9630f22cc8eb6bebac5e10f6d","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":321886499,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"}],"langContent":"EN"},{"id":321812052,"gmtCreate":1615421536576,"gmtModify":1703488771948,"author":{"id":"3576446697631224","authorId":"3576446697631224","authorIdStr":"3576446697631224","name":"Charmzys","avatar":"https://static.tigerbbs.com/6072c8259a5eabb763628fe8a558629a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576446697631224"},"htmlText":"Wonder if this will happen to other airlines","listText":"Wonder if this will happen to other airlines","text":"Wonder if this will happen to other airlines","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321812052","repostId":2118696039,"repostType":4,"repost":{"id":"2118696039","pubTimestamp":1615388861,"share":"https://www.laohu8.com/m/news/2118696039?lang=&edition=full","pubTime":"2021-03-10 23:07","market":"us","language":"en","title":"American Air Borrowing $10 Billion in Record Airline Debt Sale","url":"https://stock-news.laohu8.com/highlight/detail?id=2118696039","media":"Bloomberg","summary":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program w","content":"<ul>\n <li>Combined size of bond, loan offering outweighs United, Delta</li>\n <li>Deal backed by frequent-flyer program will repay Treasury loan</li>\n</ul>\n<p>American Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.</p>\n<p>The carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.</p>\n<p>The size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.</p>\n<p><img src=\"https://static.tigerbbs.com/f0a3c24bcf4f01a454329fb3498ac84f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>All three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.</p>\n<p>Loyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.</p>\n<p><img src=\"https://static.tigerbbs.com/d3a4d0e12c2c9e2cb2e1dcb4e895c3d5\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Proceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.</p>\n<p>Books close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.</p>\n<p>American is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an&nbsp;all-in yieldof 12%.</p>\n<p></p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American Air Borrowing $10 Billion in Record Airline Debt Sale</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Air Borrowing $10 Billion in Record Airline Debt Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UAL":"联合大陆航空","AAL":"美国航空"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118696039","content_text":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.\nThe carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.\nThe size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.\n\nAll three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.\nLoyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.\n\nProceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.\nBooks close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.\nAmerican is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an all-in yieldof 12%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":321833940,"gmtCreate":1615420382180,"gmtModify":1703488752033,"author":{"id":"3575158517410015","authorId":"3575158517410015","authorIdStr":"3575158517410015","name":"TONGYK","avatar":"https://static.tigerbbs.com/28d37c90265e363b003f2fd49bc23a47","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3575158517410015"},"htmlText":"Not good","listText":"Not good","text":"Not good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321833940","repostId":2118696039,"repostType":4,"repost":{"id":"2118696039","pubTimestamp":1615388861,"share":"https://www.laohu8.com/m/news/2118696039?lang=&edition=full","pubTime":"2021-03-10 23:07","market":"us","language":"en","title":"American Air Borrowing $10 Billion in Record Airline Debt Sale","url":"https://stock-news.laohu8.com/highlight/detail?id=2118696039","media":"Bloomberg","summary":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program w","content":"<ul>\n <li>Combined size of bond, loan offering outweighs United, Delta</li>\n <li>Deal backed by frequent-flyer program will repay Treasury loan</li>\n</ul>\n<p>American Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.</p>\n<p>The carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.</p>\n<p>The size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.</p>\n<p><img src=\"https://static.tigerbbs.com/f0a3c24bcf4f01a454329fb3498ac84f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>All three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.</p>\n<p>Loyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.</p>\n<p><img src=\"https://static.tigerbbs.com/d3a4d0e12c2c9e2cb2e1dcb4e895c3d5\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Proceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.</p>\n<p>Books close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.</p>\n<p>American is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an&nbsp;all-in yieldof 12%.</p>\n<p></p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American Air Borrowing $10 Billion in Record Airline Debt Sale</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Air Borrowing $10 Billion in Record Airline Debt Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UAL":"联合大陆航空","AAL":"美国航空"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118696039","content_text":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.\nThe carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.\nThe size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.\n\nAll three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.\nLoyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.\n\nProceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.\nBooks close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.\nAmerican is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an all-in yieldof 12%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":321897419,"gmtCreate":1615420220131,"gmtModify":1703488748581,"author":{"id":"3576648722811020","authorId":"3576648722811020","authorIdStr":"3576648722811020","name":"Rachaelyylee","avatar":"https://static.tigerbbs.com/3b648156dc1928fb5287be1c64cfae97","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576648722811020"},"htmlText":"Got hope?","listText":"Got hope?","text":"Got hope?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321897419","repostId":2118696039,"repostType":4,"repost":{"id":"2118696039","pubTimestamp":1615388861,"share":"https://www.laohu8.com/m/news/2118696039?lang=&edition=full","pubTime":"2021-03-10 23:07","market":"us","language":"en","title":"American Air Borrowing $10 Billion in Record Airline Debt Sale","url":"https://stock-news.laohu8.com/highlight/detail?id=2118696039","media":"Bloomberg","summary":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program w","content":"<ul>\n <li>Combined size of bond, loan offering outweighs United, Delta</li>\n <li>Deal backed by frequent-flyer program will repay Treasury loan</li>\n</ul>\n<p>American Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.</p>\n<p>The carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.</p>\n<p>The size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.</p>\n<p><img src=\"https://static.tigerbbs.com/f0a3c24bcf4f01a454329fb3498ac84f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>All three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.</p>\n<p>Loyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.</p>\n<p><img src=\"https://static.tigerbbs.com/d3a4d0e12c2c9e2cb2e1dcb4e895c3d5\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Proceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.</p>\n<p>Books close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.</p>\n<p>American is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an&nbsp;all-in yieldof 12%.</p>\n<p></p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American Air Borrowing $10 Billion in Record Airline Debt Sale</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Air Borrowing $10 Billion in Record Airline Debt Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UAL":"联合大陆航空","AAL":"美国航空"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118696039","content_text":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.\nThe carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.\nThe size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.\n\nAll three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.\nLoyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.\n\nProceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.\nBooks close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.\nAmerican is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an all-in yieldof 12%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":321891198,"gmtCreate":1615419814314,"gmtModify":1703488740281,"author":{"id":"3575234837042918","authorId":"3575234837042918","authorIdStr":"3575234837042918","name":"Rbj","avatar":"https://static.tigerbbs.com/363acddaa9c1e92690a16e7dd67b6484","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3575234837042918"},"htmlText":"Danger danger","listText":"Danger danger","text":"Danger danger","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321891198","repostId":2118696039,"repostType":4,"repost":{"id":"2118696039","pubTimestamp":1615388861,"share":"https://www.laohu8.com/m/news/2118696039?lang=&edition=full","pubTime":"2021-03-10 23:07","market":"us","language":"en","title":"American Air Borrowing $10 Billion in Record Airline Debt Sale","url":"https://stock-news.laohu8.com/highlight/detail?id=2118696039","media":"Bloomberg","summary":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program w","content":"<ul>\n <li>Combined size of bond, loan offering outweighs United, Delta</li>\n <li>Deal backed by frequent-flyer program will repay Treasury loan</li>\n</ul>\n<p>American Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.</p>\n<p>The carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.</p>\n<p>The size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.</p>\n<p><img src=\"https://static.tigerbbs.com/f0a3c24bcf4f01a454329fb3498ac84f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>All three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.</p>\n<p>Loyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.</p>\n<p><img src=\"https://static.tigerbbs.com/d3a4d0e12c2c9e2cb2e1dcb4e895c3d5\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Proceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.</p>\n<p>Books close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.</p>\n<p>American is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an&nbsp;all-in yieldof 12%.</p>\n<p></p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American Air Borrowing $10 Billion in Record Airline Debt Sale</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Air Borrowing $10 Billion in Record Airline Debt Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UAL":"联合大陆航空","AAL":"美国航空"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118696039","content_text":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.\nThe carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.\nThe size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.\n\nAll three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.\nLoyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.\n\nProceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.\nBooks close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.\nAmerican is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an all-in yieldof 12%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":321175436,"gmtCreate":1615418704225,"gmtModify":1703488718166,"author":{"id":"3573361937273706","authorId":"3573361937273706","authorIdStr":"3573361937273706","name":"Zhaoxiang","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3573361937273706"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321175436","repostId":2118696039,"repostType":4,"repost":{"id":"2118696039","pubTimestamp":1615388861,"share":"https://www.laohu8.com/m/news/2118696039?lang=&edition=full","pubTime":"2021-03-10 23:07","market":"us","language":"en","title":"American Air Borrowing $10 Billion in Record Airline Debt Sale","url":"https://stock-news.laohu8.com/highlight/detail?id=2118696039","media":"Bloomberg","summary":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program w","content":"<ul>\n <li>Combined size of bond, loan offering outweighs United, Delta</li>\n <li>Deal backed by frequent-flyer program will repay Treasury loan</li>\n</ul>\n<p>American Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.</p>\n<p>The carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.</p>\n<p>The size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.</p>\n<p><img src=\"https://static.tigerbbs.com/f0a3c24bcf4f01a454329fb3498ac84f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>All three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.</p>\n<p>Loyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.</p>\n<p><img src=\"https://static.tigerbbs.com/d3a4d0e12c2c9e2cb2e1dcb4e895c3d5\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Proceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.</p>\n<p>Books close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.</p>\n<p>American is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an&nbsp;all-in yieldof 12%.</p>\n<p></p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American Air Borrowing $10 Billion in Record Airline Debt Sale</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Air Borrowing $10 Billion in Record Airline Debt Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UAL":"联合大陆航空","AAL":"美国航空"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118696039","content_text":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.\nThe carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.\nThe size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.\n\nAll three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.\nLoyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.\n\nProceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.\nBooks close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.\nAmerican is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an all-in yieldof 12%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":321172252,"gmtCreate":1615418607076,"gmtModify":1703488717132,"author":{"id":"3567411499210880","authorId":"3567411499210880","authorIdStr":"3567411499210880","name":"Nebhol","avatar":"https://static.tigerbbs.com/b0bfc2a45b91e41a283614268857b3a5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3567411499210880"},"htmlText":"Danger ahead","listText":"Danger ahead","text":"Danger ahead","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/321172252","repostId":2118696039,"repostType":4,"repost":{"id":"2118696039","pubTimestamp":1615388861,"share":"https://www.laohu8.com/m/news/2118696039?lang=&edition=full","pubTime":"2021-03-10 23:07","market":"us","language":"en","title":"American Air Borrowing $10 Billion in Record Airline Debt Sale","url":"https://stock-news.laohu8.com/highlight/detail?id=2118696039","media":"Bloomberg","summary":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program w","content":"<ul>\n <li>Combined size of bond, loan offering outweighs United, Delta</li>\n <li>Deal backed by frequent-flyer program will repay Treasury loan</li>\n</ul>\n<p>American Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.</p>\n<p>The carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.</p>\n<p>The size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.</p>\n<p><img src=\"https://static.tigerbbs.com/f0a3c24bcf4f01a454329fb3498ac84f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>All three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.</p>\n<p>Loyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.</p>\n<p><img src=\"https://static.tigerbbs.com/d3a4d0e12c2c9e2cb2e1dcb4e895c3d5\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Proceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.</p>\n<p>Books close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.</p>\n<p>American is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an&nbsp;all-in yieldof 12%.</p>\n<p></p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American Air Borrowing $10 Billion in Record Airline Debt Sale</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Air Borrowing $10 Billion in Record Airline Debt Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UAL":"联合大陆航空","AAL":"美国航空"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118696039","content_text":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.\nThe carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.\nThe size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.\n\nAll three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.\nLoyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.\n\nProceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.\nBooks close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.\nAmerican is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an all-in yieldof 12%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3765235,"gmtCreate":1615422202685,"gmtModify":1635756147598,"authorId":3575255962896727,"author":{"id":3575255962896727,"authorId":3575255962896727,"name":"DeezNaans","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":321172252,"type":1,"supId":0,"prevId":0,"content":"comment <u>pls</u>","text":"comment <u>pls</u>","html":"comment <u>pls</u>"}],"langContent":"EN"},{"id":321178957,"gmtCreate":1615418353679,"gmtModify":1703488713345,"author":{"id":"3527303552443900","authorId":"3527303552443900","authorIdStr":"3527303552443900","name":"458fd99c","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3527303552443900"},"htmlText":"Flying soon","listText":"Flying soon","text":"Flying soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321178957","repostId":2118696039,"repostType":4,"repost":{"id":"2118696039","pubTimestamp":1615388861,"share":"https://www.laohu8.com/m/news/2118696039?lang=&edition=full","pubTime":"2021-03-10 23:07","market":"us","language":"en","title":"American Air Borrowing $10 Billion in Record Airline Debt Sale","url":"https://stock-news.laohu8.com/highlight/detail?id=2118696039","media":"Bloomberg","summary":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program w","content":"<ul>\n <li>Combined size of bond, loan offering outweighs United, Delta</li>\n <li>Deal backed by frequent-flyer program will repay Treasury loan</li>\n</ul>\n<p>American Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.</p>\n<p>The carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.</p>\n<p>The size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.</p>\n<p><img src=\"https://static.tigerbbs.com/f0a3c24bcf4f01a454329fb3498ac84f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>All three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.</p>\n<p>Loyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.</p>\n<p><img src=\"https://static.tigerbbs.com/d3a4d0e12c2c9e2cb2e1dcb4e895c3d5\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Proceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.</p>\n<p>Books close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.</p>\n<p>American is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an&nbsp;all-in yieldof 12%.</p>\n<p></p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American Air Borrowing $10 Billion in Record Airline Debt Sale</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Air Borrowing $10 Billion in Record Airline Debt Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UAL":"联合大陆航空","AAL":"美国航空"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118696039","content_text":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.\nThe carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.\nThe size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.\n\nAll three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.\nLoyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.\n\nProceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.\nBooks close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.\nAmerican is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an all-in yieldof 12%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":321170449,"gmtCreate":1615418026181,"gmtModify":1703488708519,"author":{"id":"3570226730445233","authorId":"3570226730445233","authorIdStr":"3570226730445233","name":"clwm","avatar":"https://static.tigerbbs.com/73b3cf773e46998576585186da193f53","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3570226730445233"},"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321170449","repostId":2118696039,"repostType":4,"repost":{"id":"2118696039","pubTimestamp":1615388861,"share":"https://www.laohu8.com/m/news/2118696039?lang=&edition=full","pubTime":"2021-03-10 23:07","market":"us","language":"en","title":"American Air Borrowing $10 Billion in Record Airline Debt Sale","url":"https://stock-news.laohu8.com/highlight/detail?id=2118696039","media":"Bloomberg","summary":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program w","content":"<ul>\n <li>Combined size of bond, loan offering outweighs United, Delta</li>\n <li>Deal backed by frequent-flyer program will repay Treasury loan</li>\n</ul>\n<p>American Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.</p>\n<p>The carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.</p>\n<p>The size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.</p>\n<p><img src=\"https://static.tigerbbs.com/f0a3c24bcf4f01a454329fb3498ac84f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>All three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.</p>\n<p>Loyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.</p>\n<p><img src=\"https://static.tigerbbs.com/d3a4d0e12c2c9e2cb2e1dcb4e895c3d5\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Proceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.</p>\n<p>Books close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.</p>\n<p>American is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an&nbsp;all-in yieldof 12%.</p>\n<p></p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American Air Borrowing $10 Billion in Record Airline Debt Sale</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Air Borrowing $10 Billion in Record Airline Debt Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UAL":"联合大陆航空","AAL":"美国航空"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118696039","content_text":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.\nThe carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.\nThe size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.\n\nAll three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.\nLoyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.\n\nProceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.\nBooks close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.\nAmerican is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an all-in yieldof 12%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":321140019,"gmtCreate":1615416772831,"gmtModify":1703488692426,"author":{"id":"3569840516033161","authorId":"3569840516033161","authorIdStr":"3569840516033161","name":"dryGin","avatar":"https://static.tigerbbs.com/b1ef7285726d86f75c55c619ef9d62e7","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3569840516033161"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321140019","repostId":2118696039,"repostType":4,"repost":{"id":"2118696039","pubTimestamp":1615388861,"share":"https://www.laohu8.com/m/news/2118696039?lang=&edition=full","pubTime":"2021-03-10 23:07","market":"us","language":"en","title":"American Air Borrowing $10 Billion in Record Airline Debt Sale","url":"https://stock-news.laohu8.com/highlight/detail?id=2118696039","media":"Bloomberg","summary":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program w","content":"<ul>\n <li>Combined size of bond, loan offering outweighs United, Delta</li>\n <li>Deal backed by frequent-flyer program will repay Treasury loan</li>\n</ul>\n<p>American Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.</p>\n<p>The carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.</p>\n<p>The size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.</p>\n<p><img src=\"https://static.tigerbbs.com/f0a3c24bcf4f01a454329fb3498ac84f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>All three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.</p>\n<p>Loyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.</p>\n<p><img src=\"https://static.tigerbbs.com/d3a4d0e12c2c9e2cb2e1dcb4e895c3d5\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Proceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.</p>\n<p>Books close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.</p>\n<p>American is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an&nbsp;all-in yieldof 12%.</p>\n<p></p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American Air Borrowing $10 Billion in Record Airline Debt Sale</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Air Borrowing $10 Billion in Record Airline Debt Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UAL":"联合大陆航空","AAL":"美国航空"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118696039","content_text":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.\nThe carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.\nThe size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.\n\nAll three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.\nLoyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.\n\nProceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.\nBooks close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.\nAmerican is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an all-in yieldof 12%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":321122197,"gmtCreate":1615414829019,"gmtModify":1703488673404,"author":{"id":"3570769377369254","authorId":"3570769377369254","authorIdStr":"3570769377369254","name":"Glenna","avatar":"https://static.tigerbbs.com/8cb1540811be40c4d05341502c35498c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3570769377369254"},"htmlText":"hope wont impact the px so much","listText":"hope wont impact the px so much","text":"hope wont impact the px so much","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321122197","repostId":2118696039,"repostType":4,"repost":{"id":"2118696039","pubTimestamp":1615388861,"share":"https://www.laohu8.com/m/news/2118696039?lang=&edition=full","pubTime":"2021-03-10 23:07","market":"us","language":"en","title":"American Air Borrowing $10 Billion in Record Airline Debt Sale","url":"https://stock-news.laohu8.com/highlight/detail?id=2118696039","media":"Bloomberg","summary":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program w","content":"<ul>\n <li>Combined size of bond, loan offering outweighs United, Delta</li>\n <li>Deal backed by frequent-flyer program will repay Treasury loan</li>\n</ul>\n<p>American Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.</p>\n<p>The carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.</p>\n<p>The size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.</p>\n<p><img src=\"https://static.tigerbbs.com/f0a3c24bcf4f01a454329fb3498ac84f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>All three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.</p>\n<p>Loyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.</p>\n<p><img src=\"https://static.tigerbbs.com/d3a4d0e12c2c9e2cb2e1dcb4e895c3d5\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Proceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.</p>\n<p>Books close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.</p>\n<p>American is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an&nbsp;all-in yieldof 12%.</p>\n<p></p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American Air Borrowing $10 Billion in Record Airline Debt Sale</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Air Borrowing $10 Billion in Record Airline Debt Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UAL":"联合大陆航空","AAL":"美国航空"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118696039","content_text":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.\nThe carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.\nThe size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.\n\nAll three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.\nLoyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.\n\nProceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.\nBooks close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.\nAmerican is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an all-in yieldof 12%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":321324660,"gmtCreate":1615396592850,"gmtModify":1703488546006,"author":{"id":"3573559875228752","authorId":"3573559875228752","authorIdStr":"3573559875228752","name":"mermaidhuat","avatar":"https://static.tigerbbs.com/c6f78b9bdd8e9ffe8a19952867b192e5","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3573559875228752"},"htmlText":"alamak","listText":"alamak","text":"alamak","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321324660","repostId":2118696039,"repostType":4,"repost":{"id":"2118696039","pubTimestamp":1615388861,"share":"https://www.laohu8.com/m/news/2118696039?lang=&edition=full","pubTime":"2021-03-10 23:07","market":"us","language":"en","title":"American Air Borrowing $10 Billion in Record Airline Debt Sale","url":"https://stock-news.laohu8.com/highlight/detail?id=2118696039","media":"Bloomberg","summary":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program w","content":"<ul>\n <li>Combined size of bond, loan offering outweighs United, Delta</li>\n <li>Deal backed by frequent-flyer program will repay Treasury loan</li>\n</ul>\n<p>American Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.</p>\n<p>The carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.</p>\n<p>The size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.</p>\n<p><img src=\"https://static.tigerbbs.com/f0a3c24bcf4f01a454329fb3498ac84f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>All three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.</p>\n<p>Loyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.</p>\n<p><img src=\"https://static.tigerbbs.com/d3a4d0e12c2c9e2cb2e1dcb4e895c3d5\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Proceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.</p>\n<p>Books close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.</p>\n<p>American is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an&nbsp;all-in yieldof 12%.</p>\n<p></p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American Air Borrowing $10 Billion in Record Airline Debt Sale</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Air Borrowing $10 Billion in Record Airline Debt Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UAL":"联合大陆航空","AAL":"美国航空"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118696039","content_text":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.\nThe carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.\nThe size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.\n\nAll three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.\nLoyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.\n\nProceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.\nBooks close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.\nAmerican is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an all-in yieldof 12%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":321332522,"gmtCreate":1615393127066,"gmtModify":1703488489407,"author":{"id":"3554812674212347","authorId":"3554812674212347","authorIdStr":"3554812674212347","name":"SweetieLook","avatar":"https://static.tigerbbs.com/e9aa3124d3b13e671ec2b7446044171e","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3554812674212347"},"htmlText":"wah","listText":"wah","text":"wah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321332522","repostId":2118696039,"repostType":4,"repost":{"id":"2118696039","pubTimestamp":1615388861,"share":"https://www.laohu8.com/m/news/2118696039?lang=&edition=full","pubTime":"2021-03-10 23:07","market":"us","language":"en","title":"American Air Borrowing $10 Billion in Record Airline Debt Sale","url":"https://stock-news.laohu8.com/highlight/detail?id=2118696039","media":"Bloomberg","summary":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program w","content":"<ul>\n <li>Combined size of bond, loan offering outweighs United, Delta</li>\n <li>Deal backed by frequent-flyer program will repay Treasury loan</li>\n</ul>\n<p>American Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.</p>\n<p>The carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.</p>\n<p>The size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.</p>\n<p><img src=\"https://static.tigerbbs.com/f0a3c24bcf4f01a454329fb3498ac84f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>All three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.</p>\n<p>Loyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.</p>\n<p><img src=\"https://static.tigerbbs.com/d3a4d0e12c2c9e2cb2e1dcb4e895c3d5\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Proceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.</p>\n<p>Books close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.</p>\n<p>American is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an&nbsp;all-in yieldof 12%.</p>\n<p></p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American Air Borrowing $10 Billion in Record Airline Debt Sale</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Air Borrowing $10 Billion in Record Airline Debt Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UAL":"联合大陆航空","AAL":"美国航空"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118696039","content_text":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.\nThe carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.\nThe size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.\n\nAll three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.\nLoyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.\n\nProceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.\nBooks close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.\nAmerican is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an all-in yieldof 12%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":321305646,"gmtCreate":1615391847685,"gmtModify":1703488464378,"author":{"id":"3575640395742421","authorId":"3575640395742421","authorIdStr":"3575640395742421","name":"ccmk","avatar":"https://static.tigerbbs.com/a90d67ad1fb38a136eae07512ce11d0f","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3575640395742421"},"htmlText":"Comment and Like please :)&nbsp;","listText":"Comment and Like please :)&nbsp;","text":"Comment and Like please :)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/321305646","repostId":2118696039,"repostType":4,"repost":{"id":"2118696039","pubTimestamp":1615388861,"share":"https://www.laohu8.com/m/news/2118696039?lang=&edition=full","pubTime":"2021-03-10 23:07","market":"us","language":"en","title":"American Air Borrowing $10 Billion in Record Airline Debt Sale","url":"https://stock-news.laohu8.com/highlight/detail?id=2118696039","media":"Bloomberg","summary":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program w","content":"<ul>\n <li>Combined size of bond, loan offering outweighs United, Delta</li>\n <li>Deal backed by frequent-flyer program will repay Treasury loan</li>\n</ul>\n<p>American Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.</p>\n<p>The carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.</p>\n<p>The size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.</p>\n<p><img src=\"https://static.tigerbbs.com/f0a3c24bcf4f01a454329fb3498ac84f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>All three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.</p>\n<p>Loyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.</p>\n<p><img src=\"https://static.tigerbbs.com/d3a4d0e12c2c9e2cb2e1dcb4e895c3d5\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Proceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.</p>\n<p>Books close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.</p>\n<p>American is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an&nbsp;all-in yieldof 12%.</p>\n<p></p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American Air Borrowing $10 Billion in Record Airline Debt Sale</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Air Borrowing $10 Billion in Record Airline Debt Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UAL":"联合大陆航空","AAL":"美国航空"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118696039","content_text":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.\nThe carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.\nThe size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.\n\nAll three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.\nLoyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.\n\nProceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.\nBooks close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.\nAmerican is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an all-in yieldof 12%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3763320,"gmtCreate":1615395955415,"gmtModify":1635756255138,"authorId":3573472992263411,"author":{"id":3573472992263411,"authorId":3573472992263411,"name":"Huathk","avatar":"https://static.tigerbbs.com/43c7168c646d9ea6805194ed0003f1cc","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":321305646,"type":1,"supId":0,"prevId":0,"content":"Gd","text":"Gd","html":"Gd"}],"langContent":"EN"},{"id":321305036,"gmtCreate":1615391829525,"gmtModify":1703488463854,"author":{"id":"3573728887738549","authorId":"3573728887738549","authorIdStr":"3573728887738549","name":"heartspanda","avatar":"https://static.tigerbbs.com/d71c1e09e1e9b0819478986bcb4dc062","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573728887738549"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321305036","repostId":2118696039,"repostType":4,"repost":{"id":"2118696039","pubTimestamp":1615388861,"share":"https://www.laohu8.com/m/news/2118696039?lang=&edition=full","pubTime":"2021-03-10 23:07","market":"us","language":"en","title":"American Air Borrowing $10 Billion in Record Airline Debt Sale","url":"https://stock-news.laohu8.com/highlight/detail?id=2118696039","media":"Bloomberg","summary":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program w","content":"<ul>\n <li>Combined size of bond, loan offering outweighs United, Delta</li>\n <li>Deal backed by frequent-flyer program will repay Treasury loan</li>\n</ul>\n<p>American Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.</p>\n<p>The carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.</p>\n<p>The size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.</p>\n<p><img src=\"https://static.tigerbbs.com/f0a3c24bcf4f01a454329fb3498ac84f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>All three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.</p>\n<p>Loyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.</p>\n<p><img src=\"https://static.tigerbbs.com/d3a4d0e12c2c9e2cb2e1dcb4e895c3d5\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Proceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.</p>\n<p>Books close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.</p>\n<p>American is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an&nbsp;all-in yieldof 12%.</p>\n<p></p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American Air Borrowing $10 Billion in Record Airline Debt Sale</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Air Borrowing $10 Billion in Record Airline Debt Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UAL":"联合大陆航空","AAL":"美国航空"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118696039","content_text":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.\nThe carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.\nThe size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.\n\nAll three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.\nLoyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.\n\nProceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.\nBooks close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.\nAmerican is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an all-in yieldof 12%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":321306422,"gmtCreate":1615391786666,"gmtModify":1703488461772,"author":{"id":"3573646223640101","authorId":"3573646223640101","authorIdStr":"3573646223640101","name":"Conanteh","avatar":"https://static.tigerbbs.com/6357f83cdbdcf024fd2ee7e4dad0f2db","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573646223640101"},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321306422","repostId":2118696039,"repostType":4,"repost":{"id":"2118696039","pubTimestamp":1615388861,"share":"https://www.laohu8.com/m/news/2118696039?lang=&edition=full","pubTime":"2021-03-10 23:07","market":"us","language":"en","title":"American Air Borrowing $10 Billion in Record Airline Debt Sale","url":"https://stock-news.laohu8.com/highlight/detail?id=2118696039","media":"Bloomberg","summary":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program w","content":"<ul>\n <li>Combined size of bond, loan offering outweighs United, Delta</li>\n <li>Deal backed by frequent-flyer program will repay Treasury loan</li>\n</ul>\n<p>American Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.</p>\n<p>The carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.</p>\n<p>The size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.</p>\n<p><img src=\"https://static.tigerbbs.com/f0a3c24bcf4f01a454329fb3498ac84f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>All three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.</p>\n<p>Loyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.</p>\n<p><img src=\"https://static.tigerbbs.com/d3a4d0e12c2c9e2cb2e1dcb4e895c3d5\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Proceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.</p>\n<p>Books close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.</p>\n<p>American is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an&nbsp;all-in yieldof 12%.</p>\n<p></p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American Air Borrowing $10 Billion in Record Airline Debt Sale</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Air Borrowing $10 Billion in Record Airline Debt Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UAL":"联合大陆航空","AAL":"美国航空"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118696039","content_text":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.\nThe carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.\nThe size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.\n\nAll three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.\nLoyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.\n\nProceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.\nBooks close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.\nAmerican is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an all-in yieldof 12%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":321946088,"gmtCreate":1615390616244,"gmtModify":1703488432048,"author":{"id":"3578483541007982","authorId":"3578483541007982","authorIdStr":"3578483541007982","name":"venis","avatar":"https://static.tigerbbs.com/61140f34a9a2ea5e2bed5d32316ba82a","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3578483541007982"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321946088","repostId":2118696039,"repostType":4,"repost":{"id":"2118696039","pubTimestamp":1615388861,"share":"https://www.laohu8.com/m/news/2118696039?lang=&edition=full","pubTime":"2021-03-10 23:07","market":"us","language":"en","title":"American Air Borrowing $10 Billion in Record Airline Debt Sale","url":"https://stock-news.laohu8.com/highlight/detail?id=2118696039","media":"Bloomberg","summary":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program w","content":"<ul>\n <li>Combined size of bond, loan offering outweighs United, Delta</li>\n <li>Deal backed by frequent-flyer program will repay Treasury loan</li>\n</ul>\n<p>American Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.</p>\n<p>The carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.</p>\n<p>The size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.</p>\n<p><img src=\"https://static.tigerbbs.com/f0a3c24bcf4f01a454329fb3498ac84f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>All three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.</p>\n<p>Loyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.</p>\n<p><img src=\"https://static.tigerbbs.com/d3a4d0e12c2c9e2cb2e1dcb4e895c3d5\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Proceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.</p>\n<p>Books close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.</p>\n<p>American is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an&nbsp;all-in yieldof 12%.</p>\n<p></p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American Air Borrowing $10 Billion in Record Airline Debt Sale</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Air Borrowing $10 Billion in Record Airline Debt Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UAL":"联合大陆航空","AAL":"美国航空"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-10/american-air-boosts-debt-sale-to-10-billion-amid-strong-demand?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118696039","content_text":"Combined size of bond, loan offering outweighs United, Delta\nDeal backed by frequent-flyer program will repay Treasury loan\n\nAmerican Airlines Group Inc.has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyerprogram, making it the largest ever by an airline.\nThe carrier is now selling $6.5 billion ofbondsand $3.5 billion ofloans, up from $5 billion and $2.5 billion, respectively, according to people familiar with the matter. Each of the bond tranches, which mature in five and eight years, may yield around 5.75% and 6%, respectively, lower than initial discussions in the low-to-high 6% range.\nThe size of the combined bond and loan offering marks the largest-ever debt sale by an airline. American’s record deal surpasses Delta Air Lines Inc.’s $9 billionsalein September, and a $6.8 billiontransactionfrom United Airlines Holdings Inc.in June.\n\nAll three used a special structure, pioneered by United, that backstops the debt with the company’s frequent-flyerprogram. Extracting value from rewards programs has become a critical lifeline for carriers that have faced disrupted air travel for more than a year due to the Covid-19 pandemic.\nLoyalty programs carry a lot of value -- around $18 billion to $30 billion, inAmerican’s case-- which in part contributes to higher credit ratings on such deals. That’s helped drive investor demand at a time when air traffic levels are still well below the norm. Moody’s Investors ServiceratesAmerican’s new bonds Ba2, or two steps below investment grade, while its corporate issuer rating is three notches lower.\n\nProceeds from American’s offering will help refinance its $7.5 billion Treasury loan, of which $550 million has been drawn to date, according to an investorpresentationMonday. The remaining proceeds will be used for general corporate purposes.\nBooks close on the bonds at 11 a.m. in New York on Wednesday, with pricing expected thereafter, the people added, asking not to be identified discussing a private transaction. Commitments on theloanhave been accelerated by one day to Wednesday.\nAmerican is returning to the market at a ripe time for borrowers: Funding costs are athistorically low levelsand risk appetite has been soaring as investors rush to get their hands on higher-paying assets. The airline borrowed $2.5 billion in June at an all-in yieldof 12%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":87,"commentSize":28,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}