American Airlines is seeking to boost its liquidity further with a new $1bn equity issuance, led by underwriters Goldman Sachs, Credit Suisse, Deutsche Bank, Morgan Stanley and BNP Paribas. This is the second time the airline sold equity, after the sale of $750million  of equity in June along with bonds and convertible bonds in a $3.6bn deal. American does have a strong liquidity cushion already in place – reaching $15.6bn (including the additional $2bn just finalised through the CARES program) at the end of the third quarter. American does not have any debt amortisations due in the short-term, and has confirmed

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In