04:59 PM EDT, 07/26/2024 (MT Newswires) -- American Express Global Business Travel, which is operated by Global Business Travel ( GBTG ) , said Friday it signed an amended credit agreement that provides for a $1.4 billion term loan facility and a $360 million revolving credit facility.

The term loan will mature in 2031 and the revolving credit will mature in 2029, the company said.

The term loans have been fully drawn. and those proceeds were used to repay the loans under a previous credit facility, the company said. the revolving credit may be drawn for working capital needs and other general corporate purposes.

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