American Airlines Eyes $1B Note Sale

American Airlines is seeking to raise $1 billion in a sale of senior secured notes. The U.S. airline carrier’s debt offering will be secured by routes, takeoff and landing slots and rights to use space in airport terminals.

The Texas-based company intends to use the proceeds from the offering to for general corporate purposes. The sale of the notes, due in 2016, will be managed by Citigroup, CreditSuisse and JP Morgan Chase,addsBloomberg.

Click here for the release from PR Newswire.

Click here for additional coverage from Bloomberg.