American Airlines Plans $7.5B Debt Sale To Repay Treasury Loan
Credit: Nigel Howarth / Aviation Week
American Airlines announced plans to mortgage its frequent-flier program to pay off a $7.5 billion government loan accepted in 2020 as part of the CARES Act. Fort Worth-based American said it intends to raise $5 billion through two senior secured debt offerings, split evenly between five-year and...
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