American Airlines Group Inc. (AAL) is planning to raise as much as $3.5 billion from stock and notes offerings, as the ailing U.S. carrier grapples with the financial fallout of the travel freeze triggered by the coronavirus pandemic.The U.S carrier plans to raise $1.5 billion from selling shares and convertible notes. It will also offer $1.5 billion aggregate principal amount of secured senior notes due 2025. Upon closure of the notes offering, the airline seeks to enter into a new $500 million term loan B facility due 2024.As part of the share and convertibles notes offering, the airline will grant …read more
Source:: Yahoo Finance
