This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

US Airways Group, Inc. 7.25% Convertible Senior Notes Due 2014 Become Convertible Into Shares Of Common Stock Of American Airlines Group Inc.

TEMPE, Ariz., Dec. 9, 2013 /PRNewswire/ -- US Airways Group, Inc. (NYSE: LCC) announced today that, as a result of the Company's merger with AMR Merger Sub, Inc. (the "Merger"), pursuant to which the Company became a wholly-owned subsidiary of American Airlines Group Inc. (NASDAQ: AAL) (AAG) as contemplated by the Agreement and Plan of Merger, dated as of Feb 13, 2013, its 7.25% Convertible Senior Notes due 2014 (the "Notes") have become convertible into cash, shares of AAG common stock or a combination thereof at the Company's election.

This change has been made pursuant to a second supplemental indenture, dated as of Dec. 9, 2013 (the "Second Supplemental Indenture") to the indenture, dated as of May 13, 2009 (the "Base Indenture"), by and between the Company and The Bank of New York Mellon Trust Company, N.A., as Trustee (the "Trustee"), as supplemented by the first supplemental indenture, dated as of May 13, 2009, between the Company and the Trustee (the "First Supplemental Indenture" and, together with the Base Indenture and the Second Supplemental Indenture, the "Indenture") governing the Notes.

This press release is only a summary of certain provisions of the Indenture.  A complete explanation of the conversion rights of holders of the Notes, as well as the procedures required to convert Notes, is set forth in the Indenture.  A copy of the Base Indenture was filed as Exhibit 4.1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission ( SEC) on May 14, 2009; a copy of the First Supplemental Indenture was filed as Exhibit 4.2 to the Company's Current Report on Form 8-K filed with the SEC on May 14, 2009; and a copy of the Second Supplemental Indenture was filed as Exhibit 4.1 to the Company's Current Report on Form 8-K filed with the SEC on December 9, 2013. All holders are urged to review the conversion provisions contained in the Indenture in their entirety.

About American Airlines Group

American Airlines Group (NASDAQ: AAL) is the holding company for American Airlines and US Airways. Together with American Eagle and US Airways Express, the airlines operate an average of nearly 6,700 flights per day to more than 330 destinations in 54 countries from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, D.C. American's AAdvantage and US Airways Dividend Miles programs allow members to earn and redeem miles for travel and everyday purchases as well as flight upgrades, vacation packages, car rentals, hotel stays and other retail products. A founding member of the oneworld ® alliance, American Airlines and its members and members-elect, serve nearly 1,000 destinations with 14,250 daily flights to more than 150 countries. Connect with American on Twitter @AmericanAir or and follow US Airways on Twitter @USAirways and on

SOURCE American Airlines

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.13 -1.20%
FB $118.95 0.97%
GOOG $707.72 0.90%
TSLA $215.05 1.70%
YHOO $37.09 0.41%


Chart of I:DJI
DOW 17,680.37 +19.66 0.11%
S&P 500 2,050.19 -0.44 -0.02%
NASDAQ 4,710.1590 -6.9350 -0.15%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs