FORT WORTH, Texas, Feb. 18 /PRNewswire-FirstCall/ -- AMR Corporation
(NYSE: AMR) today announced that holders of $282,911,000 in aggregate
principal amount of its 4.5% Senior Convertible Notes due 2024 (the "Notes")
validly surrendered for purchase their Notes prior to the expiration of their
right, pursuant to the terms of the Notes, to require AMR to purchase their
Notes for cash (the "Put Option"). The Put Option expired at 5:00 p.m., New
York City time, on Feb. 13, 2009. AMR has accepted for purchase all of the
Notes validly surrendered for purchase and not withdrawn. The purchase price
for the Notes pursuant to the Put Option was $1,000 in cash per $1,000
principal amount of the Notes, and the aggregate purchase price for all the
Notes validly surrendered for purchase and not withdrawn was $282,911,000. The
Company has forwarded cash in payment of the aggregate purchase price to
Wilmington Trust Company, as paying agent, for distribution to holders of the
Notes in accordance with the procedures of The Depository Trust Company.
Following AMR's purchase of the Notes pursuant to the Put Option, $198,000 in
aggregate principal amount of the Notes remains outstanding.
Questions regarding the Put Option should be directed to Wilmington Trust
Company, Rodney Square North, 1100 North Market Street, 9th Floor, Wilmington,
DE, 19890, Attention: Alisha Clendaniel (302) 6366470.
This press release is for informational purposes only and is not an offer
to purchase, or the solicitation of an offer to purchase, the Notes. The offer
for the Notes was made only pursuant to the Company Notice to Holders, dated
January 15, 2009, which set forth the complete terms and conditions of the Put
Option.
Current AMR Corp. releases can be accessed on the Internet.
The address is http://www.aa.com
SOURCE AMR Corporation
CONTACT:
Fort Worth, Texas
Andrew Backover
Corporate Communications of
AMR Corporation
+1-817-967-1577
corp.comm@aa.com
