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LoginMarch 10,American Airlines announces plans to raise $7.5 billion using its AAdvantage frequent flyer program。
American Airlines plans to raise funds in three different ways.Public offering of $2.5 billion senior secured notes to qualified purchasers,Expires in 2026。Additional $2.5 billion of senior secured notes due 2029,Total issuance reached US$5 billion。The final $2.5 billion will 188bet app download come from the senior secured term loan facility,Brings American Airlines’ total assets to $7.5 billion。
After American Airlines obtains funds,To be used to repay a term loan from the U.S. Treasury。2020,American Airlines enters into $7.5 billion secured term loan facility with the U.S. Treasury。
June last year,United uses its frequent flyer program MileagePlus to back a $5 billion loan。September last year,Delta raises $6.5 billion on backing of frequent flyer program。
188bet app Source: Civil Aviation Resource Network, author:Star, original title: "American Airlines will use frequent flyer program to raise $7.5 billion》.
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