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 Facebook.com/AmericanAirlines and follow US Airways on Twitter
@USAirways and on Facebook.com/USAirways.
SOURCE American Airlines
