(Bloomberg) — American Airlines Group Inc. increased its junk bond offering to at least $2 billion from $1.5 billion and canceled a leveraged loan sale, according to people familiar with the matter.The secured five-year junk bond is being marketed with a coupon of 11.5% to 11.75% and a discounted price of 99 cents on the dollar, which comes to an all-in yield of 11.76% to 12.01%, according to the people, who asked not to be identified because the deal is private. Early pricing discussions on the deal had been in the 12% area.The sales process closes at 2:15 p.m. in …read more
Source:: Yahoo Finance
