American Airlines Group Inc. (AAL) (the “Company”) today announced a proposed private offering of $500.0 million aggregate principal amount of unsecured senior notes due 2025.
The Company intends to use the net proceeds from the offering to fund contributions to its pension plans.
The notes will be offered and sold only to persons reasonably believed to be qualified institutional buyers, as defined in, and in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and to non-U.S.persons in offshore transactions outside the United States in reliance on Regulation S under the Securities Act. The notes will not be registered under the Securities Act or any other securities laws of any jurisdiction and will not have the benefit of any exchange offer or other registration rights. The notes may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.