American Express Global Business Travel Group announced it has refinanced and expanded its senior secured first lien term loan facility, lowering borrowing costs while adding incremental liquidity to support growth investments and integration efforts.
The company said the refinancing delivered a 50-basis-point reduction in the interest rate on the facility, with the amended term loan now priced at SOFR plus 2.00%. Demand from lenders also enabled Amex GBT to raise an additional $100 million, increasing the size of the term loan facility to $1.486 billion. The facility will mature in July 2031, the company said.
Chief Financial Officer Karen Williams said the transaction, completed at par, reflects investor confidence in the company’s performance and outlook. She added that the improved terms provide added flexibility to support the integration of CWT and execute growth, margin expansion and cash generation initiatives, while maintaining a strong balance sheet. The company also highlighted the expanded capacity as supporting continued investment in areas including artificial intelligence.
Amex GBT operates a travel, expense, and meetings and events platform that combines software and services for corporate customers, with operations and partners spanning more than 140 countries.
