AMR Corp. (AMR), the bankrupt parent of American Airlines, asked a judge to approve its hiring of Rothschild Inc. as a financial adviser and investment banker, with a promise of $15 million in fees on confirmation of a bankruptcy plan or restructuring transaction.
Rothschild, which is already on a $400,000 retainer from AMR, would get a monthly fee of $200,000, so-called new capital fees of 1 percent to 3 percent of the amount raised, and reimbursed expenses, according to a court filing. The investment banking firm, which advised AMR before its bankruptcy, has valuable knowledge of the company’s finances and creditors, AMR said yesterday in its request to the judge.
http://www.bloomberg.com/news/2011-12-29/amr-asks-permission-to-pay-rothschild-15-million-fee-as-financial-adviser.html?cmpid=yhoo
Rothschild, which is already on a $400,000 retainer from AMR, would get a monthly fee of $200,000, so-called new capital fees of 1 percent to 3 percent of the amount raised, and reimbursed expenses, according to a court filing. The investment banking firm, which advised AMR before its bankruptcy, has valuable knowledge of the company’s finances and creditors, AMR said yesterday in its request to the judge.
http://www.bloomberg.com/news/2011-12-29/amr-asks-permission-to-pay-rothschild-15-million-fee-as-financial-adviser.html?cmpid=yhoo