On December 19 and December 23, 2024, American Airlines, Inc. and its parent company, American Airlines Group Inc. (AAG), executed amendments to their credit agreements to replace existing term loans with updated terms. Under the **Tenth Amendment** to the 2013 Credit Agreement, $980 million in outstanding term loans were replaced with new loans bearing an interest rate of either a base rate (minimum 1.00%) plus a margin of 1.25% or a SOFR-based rate (minimum 0.00%) plus a margin of 2.25%. Additionally, the liquidity covenant threshold was reduced from $2.2 billion to $2.0 billion, offering the company enhanced flexibility.

Similarly, the **Third Amendment** to the 2023 Credit Agreement replaced $1,089 million in term loans with new loans under similar terms: a base rate (minimum 1.00%) plus a margin of 1.25% or a SOFR-based rate (minimum 0.00%) plus a margin of 2.25%. Both amendments maintain substantially the same terms as their predecessors while improving operational conditions for American Airlines' financial strategy.

These updates are part of American Airlines' ongoing efforts to manage its financial obligations and maintain liquidity while adapting to market conditions. Full details of these amendments are available in the attached exhibits.