American Airlines has announced an offering of $750 million common stock and $750 million of convertible senior notes due 2025. Both offerings have a 30-day option and addition $112.5 million shares and $112.5 million convertible notes. America will use the proceeds for general corporate purposes and to enhance its liquidity position. Goldman Sachs, Citigroup, BofA Securities and JPMorgan are the joint active bookrunners. American has also announced a private offering of $1.5 billion secured senior notes due 2025 as well as a new $500 million Term Loan B Facility due 2024. A portion of the proceeds from the offering and
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