Texas-based carrier American Airlines´ parent AMR Corp (OTC: AAMRQ) has announced the applicable conversion rate for holders of allowed AMR General Unsecured Guaranteed Claim in AMR Class 3 with respect to the 6.25% convertible senior notes due 2014 and the 4.5% convertible notes due 2024 issued by AMR.
The deemed conversion rate for the 6.25% convertible senior notes due 2014 will be 109.5784 shares of AMR common stock per USD 1,000 of principal amount thereof.
Also, for the 4.5% convertible notes due 2024, the rate will be 47.8155 shares of AMR common stock per USD 1,000 of principal amount thereof.
The deadline for making elections to have convertible note claims treated as Allowed AMR Equity Interests in AMR Class 5 is 5:00 pm ET on November 29, 2013, unless extended by AMR.
American Airlines´ fleet of nearly 900 aircraft fly more than 3,500 daily flights worldwide from hubs in Chicago, Dallas/Fort Worth, Los Angeles, Miami and New York. American flies to nearly 100 international locations including important markets such as London, Madrid, Sao Paulo and Tokyo.
Find out more at www.aa.com.