AMR, Banks Reach $28M Deal Over Tulsa Bond Payments

Law360, New York (August 7, 2012, 5:45 PM EDT) -- Bankrupt AMR Corp. on Monday told a New York bankruptcy judge that it had settled a dispute with bond trustees Bank of New York Mellon Corp. and BOK Financial Corp. regarding the distribution of about $28 million in debt payments to bondholders of a trust run by Tulsa Municipal Airport.

Pending judicial approval, indenture trustee BNY Mellon and guaranty trustee BOK Financial will distribute approximately $28.5 million to bondholders who purchased Tulsa Municipal Airport Trust debt, which had matured in December of 2011 and for which...
To view the full article, register now.