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American Airlines Group Inc said on Monday it intends to privately offer notes worth about $5 billion to pay down government debt. The U.S. airline, which has been hard hit by the COVID-19 pandemic, would also enter into a $2.5 billion term loan credit facility backed in part by its loyalty program AAdvantage. American Airlines said it will use the proceeds to repay the outstanding amount from the loan with the U.S. Treasury, that is currently secured by collateral, and for general corporate purposes.