t******e
发帖数: 2009 | 1 FORT WORTH, Texas, Nov. 27, 2013 /PRNewswire via COMTEX/ -- AMR Corporation
("AMR"), the parent company of American Airlines, Inc., today announced the
applicable Conversion Rate (as defined below) for holders (each, a "Holder")
of Allowed AMR General Unsecured Guaranteed Claim in AMR Class 3 with
respect to the 6.25% Convertible Senior Notes due 2014 (CUSIP # 001765BC9)
and the 4.5% Convertible Notes due 2024 (CUSIP # 001765BB1) issued by AMR (
each such claim, a "Convertible Note Claim").
Pursuant to Section 5.15 of the Fourth Amended Joint Chapter 11 Plan of AMR
and its related debtors, dated September 23, 2013 (as the same may be
amended, supplemented, or modified from time to time, the "Plan"), and the
corresponding Election Instructions previously provided (the "Election
Instructions"), any holder of an Allowed Convertible Note Claim has the
right to irrevocably elect to have all or any portion of its Allowed
Convertible Note Claim treated under the Plan as an Allowed AMR Equity
Interest in AMR Class 5 as a result of the "deemed conversion" of the
Convertible Notes to which the Allowed Convertible Note Claim relates into a
number of shares of AMR Common Stock (a "Conversion Election").
Assuming an Effective Date of December 9, 2013, if a valid Conversion
Election is made with respect to an Allowed Convertible Note Claim, the
Convertible Notes underlying the portion of the Allowed Convertible Note
Claim with respect to which such Conversion Election is made (such
Convertible Notes, the "Convertible Election Notes"), which portion can be
any amount up to the full amount of the Allowed Convertible Note Claim, will
be treated under the Plan as an Allowed AMR Equity Interest in AMR Class 5
in an amount that corresponds to the number of shares of AMR Common Stock
that would have been issued upon conversion of the Convertible Election
Notes, as calculated pursuant the Plan as described in the Election
Instructions.
For these purposes, the deemed Conversion Rate (as applicable, the "
Conversion Rate"):
-- for the 6.25% Convertible Senior Notes due 2014 (CUSIP # 001765BC9) will
be 109.5784 shares of AMR Common Stock per $1,000 of principal amount
thereof; and
-- for the 4.5% Convertible Notes due 2024 (CUSIP # 001765BB1) will be 47.
8155 shares of AMR Common Stock per $1,000 of principal amount thereof.
The deadline for making elections to have Convertible Note Claims treated as
Allowed AMR Equity Interests in AMR Class 5 is 5:00 P.M., New York City
Time, on Friday, November 29, 2013, unless extended by AMR. |
|
