American Airlines Group Inc. (AAL) is planning to upsize its share and convertible bond sale to $2 billion, Bloomberg reports.According to the report the ailing US carrier will sell $1 billion of new shares in the offering, while a person familiar with the matter told Bloomberg that the shares will be priced at $13.50/share.This represents a 10% discount to Monday’s closing price, with shares falling 7% during the day’s trading. That brings the stock’s total year-to-date loss to 48% as AAL grapples with the financial fallout of the travel freeze triggered by the coronavirus pandemic.At the same time, the convertible …read more
Source:: Yahoo Finance
