American Airlines reveals pricing of $500m unsecured notes issuance

American Airlines Group announced that it had successfully priced $500m of unsecured senior notes due in 2025. The notes will have an interest rate of 3.75% per annum and are being issued at a price equal to 100% of their face value. The notes will be guaranteed on a senior unsecured basis by the Company’s direct wholly-owned subsidiary, American Airlines. American said in a statement that it intended to use the proceed to plug a hole in the firm’s pension fund.