FORT WORTH, Texas, Sept. 18, 2014 /PRNewswire/ -- American
Airlines Group Inc. (NASDAQ: AAL) (the "Company") today announced
that it priced $750.0 million
aggregate principal amount of unsecured senior notes due 2019. The
offering was increased from a previously announced size of
$500.0 million aggregate principal
amount of notes. The notes will have an interest rate of 5.50% 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 $738.0 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 in reliance on Rule
144A under the Securities Act of 1933, as amended (the "Securities
Act") and to certain non-U.S. persons in 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 Quarterly Report on Form 10-Q for the
quarter ended June 30, 2014, the
Company's Annual Report on Form 10-K for the year ended
December 31, 2013 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