AMR Will Take US Bank’s $1.5B Financing Row To 2nd Circ.

Law360, New York (February 22, 2013, 7:51 PM EST) -- Bankrupt airline operator AMR Corp. will ask the Second Circuit to hear U.S. Bank Trust NA’s forthcoming appeal of AMR’s $1.5 billion financing deal after a New York bankruptcy judge ruled Friday that the dispute constitutes a matter of public importance.

Additionally, U.S. Bankruptcy Judge Sean H. Lane imposed a stay that prevents the financing from going into effect until May 1 while the bank’s appeal makes its way through the courts and a $100 million bond protecting AMR against a spike in interest rates for...
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