(Bloomberg) — American Airlines Group Inc. is set to raise $1.94 billion by selling equity and convertible bonds later this week after increasing the size of both offerings.The stock sale, at $13.50 a share, will generate about $1 billion, American said in a statement Tuesday, confirming details reported by Bloomberg News. That’s a discount of almost 16% compared with the closing price before the deal launched and 9.5% from American’s closing price Monday.The airline also is marketing $1 billion in convertible notes due 2025 with a 6.5% coupon and a conversion price of about $16.20 a share. That’s 20% premium …read more
Source:: Yahoo Finance
