American Airlines to offer $5 billion in notes to repay government debt

FILE PHOTO: American Airlines passenger planes crowd a runway where they are parked due to flight reductions to slow the spread of coronavirus disease (COVID-19), at Tulsa International Airport in Tulsa, Oklahoma, U.S. March 23, 2020. REUTERS/Nick Oxford

(Reuters) – American Airlines Group Inc said on Monday it intends to privately offer notes worth about $5 billion to repay government debt.

The U.S. airline will use the proceeds to repay outstanding debt under the loan with the U.S. Department of the Treasury and for other purposes.

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