AMR Wins Right To Sell $215M Tulsa Bonds

Law360, New York (May 15, 2013, 4:32 PM EDT) -- A New York bankruptcy judge gave AMR Corp. the green light Friday to sell more than $215 million in debt related to the Tulsa, Okla., airport, providing the company with a potential boost as it moves forward with its Chapter 11 bankruptcy proceedings.

AMR, the parent company of American Airlines, can remarket $215.7 million in bonds — dubbed  “2000B/2001” — which were originally sold to private investors but repurchased by American over the course of several years, according to an order. Selling the bonds may prove...
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