Baku 7° C
American Airlines seeks $3.5 billion in new financing
Finance
- 22 June, 2020
- 06:14
American Airlines Group Inc (AAL.O) said on Sunday it plans to secure $3.5 billion in new financing, to improve the airline’s liquidity as it grapples with travel restrictions caused by the coronavirus, Report informs, citing Reuters.
The company plans to raise $1.5 billion by selling shares and senior convertible notes due 2025, the airline said in a statement.
The airline said it would offer $1.5 billion in senior secured notes and that it intends to enter into a new $500 million term loan facility due 2024.
Author
Latest News
17:03
Azerbaijan attracting US company to create next-generation digital platform
ICT17:03
US-Israeli attacks kill 460 in Tehran, health official says
Region17:02
Azerbaijani MPs to observe referendum in Kazakhstan
Milli Majlis16:51
MEDIA: Europe Press Freedom Report contains biased judgments about media in Azerbaijan
Media16:51
Bosnia and Herzegovina to face 20% drop in inbound tourism due to Iran war
Other countries16:45
Hungary's parliament adopts resolution rejecting Ukraine's EU membership
Other countries16:33
Bahrain says over 100 Iranian missiles destroyed
Other countries16:29
Qatar MFA: Doha focused on protecting its interests in standoff with Iran
Other countries16:23