American Airlines seeks approval for a bond sale

Victoria
By Victoria April 1, 2013 10:23

American Airlines seeks approval for a bond sale

American Airlines has requested the bankruptcy court’s permission to sell $215 million worth of debt related to two packages of improvements to the company’s leased Maintenance & Engineering Center at Tulsa International Airport in 1988 and 1991.
The airline stated that it has taken this decision “after an analysis of current market conditions and to increase their liquidity”.

The projects related to the bonds included the construction of Hangar 6, expansion of the plating shop, upgrades to warehouses and parking lots, and industrial waste treatment.

The interest-only bonds came due in 2000 and 2001, and were reissued. They will come due again in 2020 and 2035.

Victoria
By Victoria April 1, 2013 10:23
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