Advertisement The U.S. Court of Appeals for the Second Circuit has upheld a bankruptcy court’s decision enforcing indenture language providing for the automatic acceleration, without make-whole premium, of secured American Airline, Inc. notes upon American Airline Inc.’s bankruptcy filing. The Second Circuit’s September 12 opinion generally follows that of the lower court, discussed in our February … Continue reading Second Circuit Rules Against Make-Whole Premium for Refinancing of Accelerated Debt