Deals
American Airlines to Raise $2 Billion from Share, Convertible Sale
- Company is said to increase offering by $500 million
- Equity portion of offering is said to price at $13.50 a share
This article is for subscribers only.
American Airlines Group Inc. is set to raise $2 billion selling shares and convertible bonds after increasing the size of both offerings, according to people with knowledge of the matter.
The carrier is selling $1 billion of new shares in the offering, the people said, asking not to be identified because the information is private. The shares priced at $13.50 each, a person familiar with the matter said.