American Airlines proposes $750 million debt offering, stock rises toward 8-month high

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American Airlines proposes $750 million debt offering, stock rises toward 8-month high
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American Airlines Group Inc. said Wednesday said it proposed a private offering of $750 million in senior secured debt due 2028. The air carrier plans to use...

American Airlines Group Inc. AAL said Wednesday said it proposed a private offering of $750 million in senior secured debt due 2028. The air carrier plans to use the proceeds from the offering to repay some term loans outstanding under the credit facility established in 2015. The stock ascended 1.0% in premarket trading, to put them on course for an 8-month closing high.

American Airlines Group Inc. AAL said Wednesday said it proposed a private offering of $750 million in senior secured debt due 2028. The air carrier plans to use the proceeds from the offering to repay some term loans outstanding under the credit facility established in 2015. The stock ascended 1.0% in premarket trading, to put them on course for an 8-month closing high.

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