Like I said boys, it's coming and Doug just pulled out his shotgun.
Drop you're CoC relic of the past and move on with this merger. As you can see, Parker is making it happen.
New group of ‘substantial creditors’ emerges in AMR bankruptcy case
By tmaxon
tmaxon@dallasnews.com
10:44 am on August 29, 2012 | Permalink
We have a new group operating in the AMR/American Airlines bankruptcy case: The Ad Hoc Group of AMR Corp. Creditors. They are prepared to offer equity and financing, according to a filing Wednesday.
AMR filed a motion to approve a fee letter to pay the group’s expenses Wednesday. Here’s how the group is described in the filing (we separated a long paragraph into several):
“In April, 2012, a group of substantial creditors of the Debtors formed the Ad Hoc Group of AMR Corporation Creditors. …
“The Group has expressed an interest in participating in the formulation of a plan of reorganization and, in connection therewith, potentially providing for equity and other financings, if any, that may be required to support American’s business plan and the consummation of a chapter 11 plan or plans (collectively, the “Commitments&rdquo😉.
“The Group is prepared to engage in negotiations with the Debtors concerning a plan or plans and such Commitments, subject to appropriate due diligence. In connection with such negotiations, the Debtors will collaborate with the UCC.”
The UCC is the nine-member unsecured creditors committee. the official group to represent the interests of creditors.
The filing further states:
“American’s primary objective in these chapter 11 cases is to formulate, confirm, and consummate a consensual chapter 11 plan or plans. In furtherance of American’s efforts to secure both broad creditor support and the financing necessary to ensure successful confirmation and consummation, American has engaged with the UCC and certain other constituencies in the plan development process, including the Group.
“Upon information and belief, the Group and members thereof represent a substantial and diverse group of creditors of American. The Group and certain of its members have expressed interest in participating in and/or providing Commitments in support of a plan proposal and the confirmation process.”
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