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American Airlines grosses $500.0 million from debt offering

American Airlines Group Inc. raised gross proceeds of $500.0 million from an offering of unsecured senior notes due 2020.

The company plans to use the proceeds for general corporate purposes or working capital.

Barclays Capital Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Drexel Hamilton LLC, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Merrill Lynch Pierce Fenner & Smith Inc. and Morgan Stanley & Co. LLC were the lead underwriters.