(Reuters) - The company said in a statement it reduced the interest
rate on a $442 million term loan, refinanced $236 million in
airport facility bonds and prepaid $48 million of aircraft
debt.
AMR said it expects to end the second quarter with $6.2
billion in cash and short-term investments. The company said it
expects to end the quarter with net debt amounting to $11.6
billion, compared with $14.2 billion at the end of the second
quarter of 2006.
Read more at Reuters.com Bonds News
rate on a $442 million term loan, refinanced $236 million in
airport facility bonds and prepaid $48 million of aircraft
debt.
AMR said it expects to end the second quarter with $6.2
billion in cash and short-term investments. The company said it
expects to end the quarter with net debt amounting to $11.6
billion, compared with $14.2 billion at the end of the second
quarter of 2006.
Read more at Reuters.com Bonds News
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