American Airlines Group Inc. AAL, -3.72% said Monday it is planning to issue $2.5 billion of five-year bonds, $2.5 billion of 8-year bonds and to enter a $2.5 billion senior secured term loan credit facility backed by its loyalty program AAdvantage. Proceeds of the deal will be used to repay all sums outstanding under the term loan facility the airline received from the U.S. Treasury, as part of a bailout program created last year to help airlines cope with the fallout from the coronavirus pandemic. Shares were not yet active premarket, but are up 28% in the last 12 months, while the U.S. Global JETS ETF JETS, -0.35% has fallen 0.4% and the S&P 500 SPX, +1.95% has gained 29%.
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