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.

American Airlines seeks $3.5bn in new financing

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