Debt (Tables)

3 Months Ended

Mar. 31, 2021

Long-term debt included in the condensed consolidated balance sheets consisted of (in millions):


	March 31, 2021		December 31, 2020
Secured
2013 Term Loan Facility, variable interest rate of 1.86%, installments through 2025	$	1,788	$	1,788
2013 Revolving Facility	—		750
2014 Term Loan Facility, variable interest rate of 1.86%, installments through 2027	1,208		1,220
2014 Revolving Facility	—		1,643
April 2016 Term Loan Facility, variable interest rate of 2.11%, installments through 2023	960		960
April 2016 Revolving Facility	—		450
December 2016 Term Loan Facility, variable interest rate of 2.11%, installments through 2023	1,200		1,200
11.75% senior secured notes, interest only payments until due in July 2025	2,500		2,500
10.75% senior secured IP notes, interest only payments until due in February 2026	1,000		1,000
10.75% senior secured LGA/DCA notes, interest only payments until due in February 2026	200		200
Treasury Term Loan Facility	—		550
5.50% senior secured notes, installments beginning in July 2023 until due in April 2026	3,500		—
5.75% senior secured notes, installments beginning in July 2026 until due in April 2029	3,000		—
AAdvantage Term Loan Facility, variable interest rate of 5.5%, installments beginning in July 2023 through April 2028	3,500		—
Enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 3.00% to 8.39%, averaging 3.95%, maturing from 2021 to 2032	10,652		11,013
Equipment loans and other notes payable, fixed and variable interest rates ranging from 1.28% to 5.83%, averaging 1.87%, maturing from 2021 to 2032	4,156		4,417
Special facility revenue bonds, fixed interest rates ranging from 5.00% to 8.00%, maturing from 2021 to 2036	1,064		1,064
	34,728		28,755
Unsecured
PSP1 Promissory Note	1,765		1,765
PSP2 Promissory Note	896		—
6.50% convertible senior notes, interest only payments until due in July 2025	1,000		1,000
5.000% senior notes, interest only payments until due in June 2022	750		750
3.75% senior notes, interest only payments until due in March 2025	500		500
	4,911		4,015
Total long-term debt	39,639		32,770
Less: Total unamortized debt discount, premium and issuance costs	515		749
Less: Current maturities	2,339		2,697
Long-term debt, net of current maturities	$	36,785	$	29,324

Schedule of Line of Credit

As of March 31, 2021, the maximum availability under our revolving credit and other facilities is as follows (in millions):


2013 Revolving Facility	$	750
2014 Revolving Facility	1,643
April 2016 Revolving Facility	450
Short-term Revolving and Other Facilities	454
Total	$	3,297

American Airlines, Inc.

Debt Instrument [Line Items]

Schedule of Long-Term Debt

Long-term debt included in the condensed consolidated balance sheets consisted of (in millions):


	March 31, 2021		December 31, 2020
Secured
2013 Term Loan Facility, variable interest rate of 1.86%, installments through 2025	$	1,788	$	1,788
2013 Revolving Facility	—		750
2014 Term Loan Facility, variable interest rate of 1.86%, installments through 2027	1,208		1,220
2014 Revolving Facility	—		1,643
April 2016 Term Loan Facility, variable interest rate of 2.11%, installments through 2023	960		960
April 2016 Revolving Facility	—		450
December 2016 Term Loan Facility, variable interest rate of 2.11%, installments through 2023	1,200		1,200
11.75% senior secured notes, interest only payments until due in July 2025	2,500		2,500
10.75% senior secured IP notes, interest only payments until due in February 2026	1,000		1,000
10.75% senior secured LGA/DCA notes, interest only payments until due in February 2026	200		200
Treasury Term Loan Facility	—		550
5.50% senior secured notes, installments beginning in July 2023 until due in April 2026	3,500		—
5.75% senior secured notes, installments beginning in July 2026 until due in April 2029	3,000		—
AAdvantage Term Loan Facility, variable interest rate of 5.5%, installments beginning in July 2023 through April 2028	3,500		—
Enhanced equipment trust certificates (EETCs), fixed interest rates ranging from 3.00% to 8.39%, averaging 3.95%, maturing from 2021 to 2032	10,652		11,013
Equipment loans and other notes payable, fixed and variable interest rates ranging from 1.28% to 5.83%, averaging 1.87%, maturing from 2021 to 2032	4,156		4,417
Special facility revenue bonds, fixed interest rates ranging from 5.00% to 5.38%, maturing from 2021 to 2036	1,040		1,040
Total long-term debt	34,704		28,731
Less: Total unamortized debt discount, premium and issuance costs	479		321
Less: Current maturities	2,342		2,700
Long-term debt, net of current maturities	$	31,883	$	25,710

Schedule of Line of Credit

As of March 31, 2021, the maximum availability under American's revolving credit and other facilities is as follows (in millions):


2013 Revolving Facility	$	750
2014 Revolving Facility	1,643
April 2016 Revolving Facility	450
Short-term Revolving and Other Facilities	454
Total	$	3,297