American Airlines Group has priced US$500.0 million aggregate principal amount of unsecured senior notes due 2025 (the notes). The notes will have an interest rate of 3.75% 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 subsidiary, American Airlines.
The Company intends to use the net proceeds from the offering to fund contributions to its pension plans.
