American Airlines To Offer Another $450M In Notes

Law360, New York (September 23, 2009, 2:17 PM EDT) -- AMR Corp., parent company of American Airlines Inc., says it will hold a private offering of $450 million in senior secured notes, in the company's third initiative to build liquidity announced in the past week.

The notes, which will be due in 2012, will be used to refinance the company's existing $432 million secured bank term loan facility and will be secured by some of the company's aircraft and guaranteed by AMR, the company said Wednesday.

AMR's financial team has been prolific over the past week....
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