Value Investing News

This afternoon, American Airlines filed a motion with the bankruptcy court to repay certain existing prepetition debt. In a subsequent 8K/press release, the company notes, that in addition to obtaining post petition financing of $1.5B, AMR will also (my emphasis added):

...use cash...

• http://www.distressed-debt-investing.com/2012/10/docket-update-amr-moves-to-refinance.html (164)