Amex GBT upsizes loan to strengthen balance sheet and fund growth
Refinancing improves liquidity and accelerates technology-led expansion in corporate travel
American Express Global Business Travel has completed a refinancing that upsizes its senior secured term loan facility and lowers its borrowing costs. The move improves financial flexibility, extends loan maturity to 2031, and provides additional liquidity to support growth initiatives. Amex GBT plans to use the strengthened balance sheet to invest in technology, including AI, and to pursue strategic acquisitions. The refinancing positions the company to play a larger role in the ongoing recovery and evolution of global corporate travel and tourism.
Key takeaways
- Lower cost of capital: The refinancing reduced Amex GBT’s borrowing rate by 50 basis points, making its debt structure more efficient and improving long-term financial sustainability.
- Increased liquidity: The term loan facility was upsized to $1.486 billion, giving the company greater capacity to fund organic growth and acquisitions.
- Extended planning horizon: With a maturity date in July 2031, the new loan structure provides stability and flexibility for multi-year strategic investments.
- AI-driven product investment: Additional liquidity will support deeper integration of artificial intelligence to improve productivity, margins, and customer experience in corporate travel management.
- M&A and integration focus: The stronger balance sheet enhances Amex GBT’s ability to pursue strategic transactions, including the integration of businesses such as CWT Holdings.
- Broader tourism impact: By scaling its global travel solutions, Amex GBT aims to support corporate travel demand, destination recovery, and economic resilience across the tourism sector.
Source: Amex GBT
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