American Airlines – Pricing of Offering of Common Stock

Posted on November 10, 2020Comments Off on American Airlines – Pricing of Offering of Common Stock

FORT WORTH, Texas (STL.News) American Airlines Group Inc. (NASDAQ: AAL) (the “Company”) today announced that it priced its underwritten public offering of 38,500,000 shares of its common stock (the “Common Stock”). BofA Securities may offer the Common Stock from time to time in one or more transactions on the Nasdaq, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. The Company expects to use the net proceeds from the offering for general corporate purposes and to enhance the Company’s liquidity position.

The Company has granted the underwriter of the offering a 30-day option to purchase, in whole or in part, up to 5,775,000 additional shares of Common Stock.

The offering is expected to close on November 13, 2020, subject to customary closing conditions.

BofA Securities is acting as the sole underwriter for the offering. The Company has filed a registration statement (including a prospectus) with the SEC as well as a preliminary prospectus supplement with respect to the offering to which this communication relates. Before you invest, you should read the preliminary prospectus supplement and the prospectus in that registration statement and other documents the Company has filed with the SEC for more complete information about the Company and the offering. You may get these documents free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the Company or the underwriter participating in the offering will arrange to send you the preliminary prospectus supplement (or, when available, the final prospectus supplement) and the accompanying prospectus upon request to: BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus Department, Email: dg.prospectus_requests@bofa.com.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the shares of Common Stock or any other securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration and qualification under the securities laws of such state or jurisdiction.

NOTE: this is NOT the complete release.

View complete release at: http://news.aa.com/news/news-details/2020/American-Airlines-Group-Announces-Pricing-of-Offering-of-Common-Stock-CORP-FI-11/default.aspx

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