{"id":358777,"date":"2020-06-23T10:40:44","date_gmt":"2020-06-23T05:10:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=358777"},"modified":"2020-06-23T11:00:29","modified_gmt":"2020-06-23T05:30:29","slug":"american-airlines-seeks-3-5-billion-in-new-financing","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/american-airlines-seeks-3-5-billion-in-new-financing\/","title":{"rendered":"American Airlines seeks $3.5 billion in new financing"},"content":{"rendered":"<p>American Airlines Group Inc said on Sunday it plans to secure $3.5 billion in new financing, to improve the airline&#8217;s liquidity as it grapples with travel restrictions caused by the coronavirus. <\/p>\n<p>The company plans to raise $1.5 billion by selling shares and convertible senior notes due 2025, the airline said in a statement.<\/p>\n<p>Additionally, the airline said it will offer $1.5 billion in senior secured notes and that it intends to enter into a new $500 million term loan facility due 2024.<\/p>\n<p>The company expects to use the net proceeds from the stock and convertible notes offerings for general corporate purposes and to enhance its liquidity position, the airline added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>American Airlines Group Inc said on Sunday it plans to secure $3.5 billion in new financing, to improve the airline&#8217;s liquidity as it grapples with travel restrictions caused by the coronavirus. The company plans to raise $1.5 billion by selling shares and convertible senior notes due 2025, the airline said in a statement. Additionally, the airline said it will offer $1.5 billion in senior secured notes and that it intends to enter into a new $500 million term loan facility due 2024. The company expects to use the net proceeds from the stock and convertible notes offerings for general corporate [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-358777","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/358777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=358777"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/358777\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=358777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=358777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=358777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}