American Airlines to offer $5 billion in notes to repay government debt

(Reuters) - American Airlines Group Inc said on Monday it intends to privately offer notes worth about $5 billion to repay government debt.

The U.S. airline will use the proceeds to repay outstanding debt under the loan with the U.S. Department of the Treasury and for other purposes.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Bernard Orr)

03/08/2021 12:44

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