AMR Prices Public Equity Offering
AMR Corp. , the parent company of American Airlines, Inc. ("American"), announced the pricing of a public offering of 13 million newly issued shares of its common stock at a price to the public of $38.70 per share. AMR has granted 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 expects the issuance and delivery of the shares to occur on Jan. 26, 2007. The purpose of this offering is to further strengthen AMR's balance sheet. AMR intends to use the net proceeds of the offering for general corporate purposes, including, among other possible uses, the repayment or repurchase of short-term or long-term debt or leasing obligations, funding of employee pensions, the acquisition of aircraft by American and other capital expenditures.
Credit Suisse Securities (USA) LLC, Merrill Lynch & Co. and UBS Investment Bank 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 may be obtained from:
Credit Suisse Securities (USA) LLC
One Madison Avenue
New York, NY 10010
Merrill Lynch & Co.
4 World Financial Center
New York, NY 10080
UBS Investment Bank
299 Park Avenue
New York, NY 10171
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SOURCE: AMR Corp.
CONTACT: Andy Backover, Corporate Communications, Fort Worth, Texas,
Web site: http://www.aa.com/