24-Sep-2009 10:25 AM

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]

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More