American Airlines Receives Court Approval for $3.25B Loans

Bloomberg reported that AMR Corp., the parent of American Airlines, received court approval to borrow as much as $3.25 billion towards its emergence from bankruptcy. The article said the financing will fund reorganization costs and repay existing debt.

To read the entire Bloomberg article, click here.

Previously on monitordaily:

American Airlines Announces $633MM Aircraft Offering, March 5, 2013

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