American Airlines Group Announces Pricing of Unsecured Senior Notes
February 20 2020 - 4:30PM
American Airlines Group Inc. (NASDAQ: AAL) (the “Company”) today
announced that it priced $500.0 million aggregate principal amount
of unsecured senior notes due 2025 (the “notes”). The notes will
have an interest rate of 3.75% per annum and are being issued at a
price equal to 100% of their face value. The notes will be
guaranteed on a senior unsecured basis by the Company’s direct
wholly-owned subsidiary, American Airlines, Inc.
The Company intends to use the net proceeds from the offering to
fund contributions to its pension plans.
The notes are being offered and sold only to persons reasonably
believed to be qualified institutional buyers, as defined in, and
in reliance on Rule 144A under the Securities Act of 1933, as
amended (the “Securities Act”) and to non-U.S. persons in offshore
transactions outside the United States in reliance on Regulation S
under the Securities Act. The notes will not be registered under
the Securities Act or any other securities laws of any jurisdiction
and will not have the benefit of any exchange offer or other
registration rights. The notes may not be offered or sold in the
United States absent registration or an applicable exemption from
registration requirements.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any of the notes nor shall there be
any sale of the notes in any jurisdiction in which such offer,
solicitation or sale would be unlawful. This news release is being
issued pursuant to and in accordance with Rule 135c under the
Securities Act.
Forward-Looking Statements
Certain of the statements contained or referred to herein,
including those regarding the proposed offering of the notes,
represent the Company’s expectations or beliefs concerning future
events and should be considered “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements are subject to a number of
factors that could cause actual results to differ from the
Company’s expectations, including but not limited to, factors
described in the Company’s Annual Report on Form 10-K for the year
ended December 31, 2019 and the Company’s other filings with the
Securities and Exchange Commission. Any forward-looking statements
speak only as of the date of this release or as of the dates
indicated in the statements. The Company does not assume any
obligation to publicly update or supplement any forward-looking
statement to reflect actual results, changes in assumptions or
changes in other factors affecting such statements other than as
required by law.
Investor
Relations682-278-0999investor.relations@aa.com
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