American Airlines Group Inc has said that it has upsized and priced a $10 billion bond and loan offering, supported by its AAdvantage loyalty programme.

Previous Statement

The airlines previously said that it would sell $7.5 billion of bonds and leveraged loans backed by its loyalty programme to repay US government debt.

Offering Breakdown

The offering consists of $6.5 billion of high-yield bonds and $3.5 billion of leveraged loans, American Airlines said.

Repaying Debt

The company said that it plans to use part of the proceeds to repay government debt.

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