AMR Corporation Announces Put Option Notification for 4.5% Senior Convertible Notes Due 2024
15 Enero 2009 - 7:30AM
PR Newswire (US)
FORT WORTH, Texas, Jan 15 /PRNewswire-FirstCall/ -- AMR Corporation
(NYSE: AMR) today announced that it is notifying holders of the
$307,979,000 outstanding principal amount of its 4.5% Senior
Convertible Notes due 2024 (the "Notes") that they have an option,
pursuant to the terms of the Notes, to require AMR to purchase, on
Feb. 15, 2009, all or a portion of such holders' Notes (the "Put
Option") at a price equal to $1,000 per $1,000 principal amount of
the Notes, plus any accrued and unpaid interest to Feb. 15, 2009.
As Feb. 15, 2009 is an interest payment date for the Notes,
interest accrued up to the purchase date will be paid to record
holders as of the regular record date immediately preceding this
interest payment date, and therefore AMR expects that there will be
no accrued and unpaid interest due as part of the purchase price.
Under the terms of the Notes, AMR has the option to pay the
purchase price for the Notes with cash, stock, or a combination of
cash and stock, and has elected to pay for the Notes solely with
cash. As required by rules of the Securities and Exchange
Commission, AMR will file a Tender Offer Statement on Schedule TO
later today. In addition, AMR's company notice to holders (a copy
of which will be attached as an exhibit to such Schedule TO) with
respect to the Put Option specifying the terms, conditions and
procedures for exercising the Put Option will be available through
The Depository Trust Company and the paying agent, which is
Wilmington Trust Company. None of AMR, its board of directors, or
its employees has made or is making any representation or
recommendation to any holder as to whether to exercise or refrain
from exercising the Put Option. Noteholders' opportunity to
exercise the Put Option will commence on Jan. 15, 2009, and will
terminate at 5:00 p.m., New York City time, on Feb. 13, 2009.
Holders may withdraw any previously delivered purchase notice
pursuant to the terms of the Put Option at any time prior to 5:00
p.m., New York City time, on Feb. 13, 2009. The address of
Wilmington Trust Company is Rodney Square North, 1100 North Market
Street, 9th Floor, Wilmington, DE, 19890, Attention: Alisha
Clendaniel. This press release is for informational purposes only
and is not an offer to purchase, or the solicitation of an offer to
purchase, the Notes. Current AMR Corp. news releases can be
accessed via the Internet. The address is http://www.aa.com/
DATASOURCE: AMR Corporation CONTACT: Andrew Backover, Corporate
Communications of AMR Corporation, +1-817-967-1577, Web Site:
http://www.aa.com/
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