DFX Intelligence
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Borrower
A••••••••• L•••••• I• L••
Passenger Airlinesgroup grade Aon a schedule nowsponsor unattributed
Also written as: American Airlines, Inc
Principal held
at least $4.0M
sum of BDC pieces, a lower bound
Fair value
$4.0M
100c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
5
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Apr 20, 2028
$4.0M inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
4
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated | at least $4.0M | 100c | S+225 bp | Apr 20, 2028 | 1 |
| first lien term loan first lien exited Dec 31, 2025 | at least $1.8M | 98c | SOFR+225 bp | Apr 20, 2028 | 4 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| F••••••• B•• C•••••• C••• | unstated lien unstated | $4.0M | $4.0M 100c | S+225 bp |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2026 | 1 | $4.0M | $4.0M | 100c | 0 |
| Mar 31, 2026 | 1 | $4.0M | $3.9M | 99c | 0 |
| Dec 31, 2025 | 2 | $5.8M | $5.9M | 100c | 0 |
| Sep 30, 2025 | 1 | $1.9M | $1.9M | 97c | 0 |
| Jun 30, 2025 | 1 | $1.9M | $1.8M | 97c | 0 |
| Mar 31, 2025 | 1 | $1.9M | $1.8M | 96c | 0 |
| Dec 31, 2024 | 2 | $9.3M | $9.5M | 102c | 0 |
| Sep 30, 2024 | 1 | $2.8M | $2.9M | 104c | 0 |
| Dec 31, 2023 | 1 | $3.4M | $3.5M | 104c | 0 |
| Sep 30, 2023 | 1 | $2.5M | $2.6M | 99c | 0 |
| Dec 31, 2021 | 1 | $364,000 | $377,000 | 105c | 0 |
What changed
- Maturity approachingApr 20, 2028
- Facility left every BDC scheduleDec 31, 2025
- Spread changed (observed)Mar 31, 2025
- Lender left a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Lender left a facilityDec 31, 2021
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- A••••••••• L•••••• I•derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 5 BDCsderived
- Industry
- Passenger Airlinesreportedas one filer wrote it