FORT WORTH, Texas, Feb. 26, 2015 /PRNewswire/ -- American
Airlines Group Inc. (NASDAQ: AAL) (the "Company") today announced
that it priced $500.0 million
aggregate principal amount of unsecured senior notes due
2020. The notes will have an interest rate of 4.625% 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 subsidiaries, American
Airlines, Inc. and US Airways Group, Inc., and its indirect
wholly-owned subsidiary, US Airways, Inc.
The Company estimates that the net proceeds from the offering
will be approximately $493.0 million
after deducting discounts and estimated offering expenses.
The Company intends to use the net proceeds from the offering for
general corporate purposes.
The notes are being offered and sold only to persons reasonably
believed to be qualified institutional buyers, as defined in, and
in reliance on Rule 144A under the Securities Act of 1933, as
amended (the "Securities Act") and to non-U.S. persons in offshore
transactions outside the United
States in reliance on Regulation S under the Securities Act.
The notes will not be registered under the Securities Act or any
other securities laws of any jurisdiction and will not have the
benefit of any exchange offer or other registration rights. The
notes may not be offered or sold in the
United States absent registration or an applicable exemption
from registration requirements.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any of the notes nor shall there be
any sale of the notes in any jurisdiction in which such offer,
solicitation or sale would be unlawful. This news release is being
issued pursuant to and in accordance with Rule 135c under the
Securities Act.
Forward-Looking Statements
Certain of the statements contained or referred to herein,
including those regarding the proposed offering of the notes,
represent the Company's expectations or beliefs concerning future
events and should be considered "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements are subject to a number of
factors that could cause actual results to differ from the
Company's expectations, including but not limited to, factors
described in the Company's Annual Report on Form 10-K for the year
ended December 31, 2014 and the
Company's other filings with the Securities and Exchange
Commission. Any forward-looking statements speak only as of the
date of this release or as of the dates indicated in the
statements. The Company does not assume any obligation to publicly
update or supplement any forward-looking statement to reflect
actual results, changes in assumptions or changes in other factors
affecting such statements other than as required by law.
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SOURCE American Airlines Group Inc.