AMR Corp. , the parent company of American Airlines, Inc. ("American"), announced a public offering of 13 million newly issued shares of its common stock. AMR expects to grant the underwriters of the offering a 30-day option to purchase up to 1.95 million additional shares of AMR common stock solely to cover over-allotments, if any. AMR intends to use the net proceeds of the offering for general corporate purposes.
Credit Suisse Securities (USA) LLC, UBS Investment Bank and Merrill Lynch & Co. are acting as underwriters for this offering.
An automatically effective shelf registration statement relating to the common stock has been filed with the Securities and Exchange Commission. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these shares of common stock in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement and accompanying prospectus relating to the offering, when available, may be obtained from Credit Suisse Securities (USA) LLC, Prospectus Department, One Madison Avenue, New York, NY 10010; telephone 800-221-1037.
First Call Analyst:
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SOURCE: AMR Corp.
CONTACT: Andy Backover, Corporate Communications of AMR Corp.,
+1-817-967-6167, or firstname.lastname@example.org
Web site: http://www.aa.com/