FORT WORTH, Texas, Sept. 29 /PRNewswire/ -- American Airlines, Inc., a wholly owned subsidiary of AMR Corporation , today announced the results of its cash purchase offer (the "Offer") relating to the 7 percent Alliance Airport Authority, Inc., Special Facilities Revenue Bonds, Series 1991, American Airlines, Inc., Project (the "Bonds"). The Bonds are due Dec. 1, 2011, and have a CUSIP of 01852LAB6.
The Offer, which was originally announced on Aug. 18, 2004, and was extended on Sept. 18, 2004, expired at 5 p.m. Eastern Time on Tuesday, Sept. 28, 2004.
Subject to the terms of the Offer, American has determined under a Modified Dutch Auction procedure that the Purchase Price is 84.75 percent of the principal amount of Bonds accepted or $4,237.50 per $5,000 principal amount of bonds accepted.
All Bonds tendered without a tender price, at a tender price below the Purchase Price or at the Purchase Price, have been accepted for purchase, subject to the terms and conditions of the Offer, without proration. All Bonds tendered at a price in excess of the Purchase Price have not been accepted for purchase.
American expects the Settlement Date to be Sept. 30, 2004, subject to change as provided in the Offer. All bonds tendered and purchased in the Offer will receive, in addition to the Purchase Price, accrued and unpaid interest up to but excluding the Settlement Date. Bonds tendered and not accepted for purchase will be returned through the DTC system as provided in the Offer.
Of the $125,745,000 principal amount of Bonds outstanding at the beginning of the tender, a total of $76,220,000 principal amount of Bonds has been accepted for purchase by American and a total of $49,525,000 principal amount of Bonds will remain outstanding following settlement.
The Dealer Managers for the Offer are: Merrill Lynch & Co. - (888) 654-8637 (toll-free) Blaylock & Partners, L.P. - (866) 869-7160 (toll-free) The Information Agent for the Offer is: Bondholder Communications Group - (888) 385-2663 (toll-free) E-mail: aairhart@bondcom.com Website: http://www.bondcom.com/aa About American Airlines
American Airlines is the world's largest carrier. American, American Eagle and the AmericanConnection regional carriers serve more than 250 cities in over 40 countries with more than 3,800 daily flights. The combined network fleet numbers more than 1,000 aircraft. American's award-winning Web site, AA.com, provides users with easy access to check and book fares, plus personalized news, information and travel offers. American Airlines is a founding member of the oneworld Alliance, which brings together some of the best and biggest names in the airline business, enabling them to offer their customers more services and benefits than any airline can provide on its own. Together, its members serve more than 575 destinations in 135 countries and territories. American Airlines and American Eagle are units of the AMR Corporation.
GET A GREAT LOW FARE. AND A LOT MORE AIRLINE. AMERICAN AIRLINES. Current AMR Corp. news releases can be accessed via the Internet. The address is http://www.aa.com/
CONTACT: Al Becker, Corporate Communications of American Airlines, Inc., +1-817-967-1577, or corp.comm@aa.com
Web site: http://www.aa.com/ http://www.bondcom.com/aa
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