AMR Gets Green Light To Buy Back $1.2B Bonds

Law360, New York (June 13, 2013, 6:11 PM EDT) -- A New York bankruptcy judge ruled Thursday that AMR Corp. can buy back more than $1.2 billion in debt from its noteholders, welcome news for the airline company as it inches closer to its $11 billion merger with US Airways Group Inc.

U.S. District Judge Sean H. Lane gave the green light to the American Airlines' parent to repurchase the three secured notes, which are the subject of debate between AMR and the notes' trustee, U.S. Bank Trust NA, before the Second Circuit, officials said. AMR...
To view the full article, register now.