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AMR raises $830 million
01 October 2009
The parent of American Airlines says the sale of common stock and convertible notes will bolster its financial position in the face of the financial downturn
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[AMR]
[American Airlines]
[American Eagle Airlines]
[common stock]
[convertible notes]
The parent of American Airlines has raised $830 million from the sale of common stock and convertible notes, giving the carrier additional liquidity and financial flexibility.
AMR Corporation, which also owns American Eagle Airlines, completed the offering of 48,484,849 shares of common stock and $460,000,000 principal amount of 6.25% convertible senior notes...
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