AMR Seeks $3.25B In Financing To Pad Ch. 11 Exit

Law360, New York (April 26, 2013, 6:21 PM ET) -- AMR Corp. on Thursday asked a New York bankruptcy judge to sign off on $3.25 billion in exit financing that would be secured by American Airlines Inc.'s assets in its Latin American travel routes and provide extra liquidity for its eventual emergence from bankruptcy.

The airline, which expects to consummate its recently approved $11 billion merger with U.S. Airways Group Inc. by the end of August, said in a court filing that the additional financing will allow it to ensure successful operations once it exits Chapter...
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