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American Airlines seeks $3.5bn in new financing

American Airlines seeks $3.5bn in new financing

American Airlines Group said that it plans to secure $3.5bn in new financing, to improve the airline’s liquidity as it struggles with travel restrictions caused by the Covid-19. The company plans to raise $1.5bn by stock sale and convertible senior notes due 2025. Additionally, it will offer $1.5bn in senior secured notes and that it intends to enter into a new $500mn term loan facility due 2024.

Milan
Milan
chris
chris 2 months

Holy crap that's allot of money

Joseph Cribari
Joseph Cribari 2 months

How about not, scott

mirror
mirror 2 months

Before bailing them out with tax payer money, How about we see some changes first?

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