American Airlines announces private offering of senior secured notes

American Airlines announced (23-Sep-2009) the private offering of USD450 million aggregate principal amount of its senior secured notes due 2012. The notes are expected to be secured by certain aircraft, and proceeds from the offering of the notes are expected to be used to refinance the carrier's existing USD432 million secured bank term loan facility. The notes are expected to be guaranteed by parent, AMR Corp. [more]