Goldman Sachs, Barclays Join Creditor Group in AMR Case
Goldman Sachs Group Inc. and Barclays Plc (BARC) joined a creditor group in American Airlines’ bankruptcy case that may provide financing for the carrier’s restructuring.
The committee has expanded to 20 members from 12 since September, according to a filing today in U.S. Bankruptcy Court in New York disclosing its members and their company debt holdings.
American Airlines’ parent, AMR Corp. (AAMRQ), said in court papers in August that it would negotiate with the group about potential financing for its reorganization. It won court approval to pay fees of the group’s advisers as negotiations proceed.
The group holds claims against American Airlines and AMR, according to today’s filing. Besides Goldman Sachs and Barclays, members include JPMorgan Chase & Co. (JPM), Credit Suisse Group AG, Claren Road Asset Management and Marathon Asset Management.
The case is In re AMR Corp., 11-15463, U.S. Bankruptcy Court, Southern District of New York (Manhattan).
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