American Airlines Announces Proposed Offering of Senior Secured Notes
Source: American Airlines American Airlines, Inc. (the “Company”), a subsidiary of American Airlines Group Inc. (the “Guarantor”), announced a proposed private offering of $750 million aggregate principal amount of senior secured notes due 2028 (the “Notes”). The Notes will be guaranteed on a senior unsecured basis by the Guarantor.The Company expects to use the proceeds from the offering of the Notes to repay a portion of the term loans outstanding under the term loan credit facility established under the Amended and Restated Credit and Guaranty Agreement, dated May 21, 2015, among the Company, the Guarantor, the lenders from time to time party thereto and certain other parties thereto (the “2013 Credit Agreement”), and to pay related fees and expenses. The [...]