AAL
American Airlines +2.8% after agreeing to $5.5B Treasury loan
- American Airlines (NASDAQ:AAL) is up 2.8% postmarket after agreeing to
an upsized Treasury Dept. loan of $5.48B.
- The company also heard from the Treasury that it intends to allocate
additional loans under the CARES act in October, which could increase the
amount available to American under the facility to $7.5B.
- American has drawn an immediate $550M as part of the deal, bringing
its debt pile to $42B.
|Yesterday, 5:16 PM|49 Comments
American Airlines +2.8% after agreeing to $5.5B Treasury loan
- American Airlines (NASDAQ:AAL) is up 2.8% postmarket after agreeing to
an upsized Treasury Dept. loan of $5.48B.
- The company also heard from the Treasury that it intends to allocate
additional loans under the CARES act in October, which could increase the
amount available to American under the facility to $7.5B.
- American has drawn an immediate $550M as part of the deal, bringing
its debt pile to $42B.
|Yesterday, 5:16 PM|49 Comments
Comments
Post a Comment