AMR Corporation Announces Its 4.25 Percent Senior Convertible Notes Due 2023 Have Become Convertible Into Shares of AMR Common Stock
Posted on: Thursday, 6 April 2006, 12:00 CDT
FORT WORTH, Texas, April 6 /PRNewswire-FirstCall/ -- AMR Corporation today announced that its 4.25 percent Senior Convertible Notes due 2023 have become convertible into shares of AMR common stock. As provided in the indenture under which the Notes were issued, the Notes have become convertible because the sale price of AMR's common stock for at least 20 trading days in a period of 30 consecutive trading days ending on the last trading day of the calendar quarter ended March 31, 2006, was greater than 120 percent of the conversion price per share of AMR common stock on such last trading day.
The Notes are convertible into common stock at the conversion rate specified in, and otherwise in accordance with the terms of, the Notes and the indenture under which the Notes were issued, and they will remain convertible for so long as they are outstanding.
Current AMR Corp. releases can be accessed on the Internet.
The address is http://www.aa.com/
AMR Corporation
CONTACT: Tim Smith, Corporate Communications of AMR Corporation,+1-817-967-1577, or corp.comm@aa.com
Web site: http://www.aa.com/
Source: PRNewswire-FirstCall
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