AMR holders may convert 4.5% notes due 2024

By Jennifer Chiou

New York, Jan. 10 - AMR Corp. announced that its 4.5% senior convertible notes due 2024 have become convertible into the company's stock.

The convertibility is a result of AMR stock trading at greater than 120% of the conversion price during at least 20 of the last trading days in the quarter ending Dec. 31.

AMR is the parent company of American Airlines, Inc., a passenger airline based in Fort Worth, Texas.

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