By Devika Patel and Cristal Cody
Knoxville, Tenn., Oct. 25 – American Airlines, Inc. priced an upsized $757,825,000 of pass-through certificates, series 2021-1 (Baa1/A-/A) on Monday, according to an FWP filed with the Securities and Exchange Commission.
The deal was upsized from $591,913,000. Pricing was expected in the low- to mid-3% area.
Pricing details were not available at press time.
The certificates have a final distribution date of July 11, 2034 and a nine-year weighted average life. The final legal distribution date for the certificates is Jan. 11, 2036.
Deutsche Bank Securities Inc., Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC are leading the sale.
Proceeds will be used to purchase equipment notes.
The commercial airline, which is a subsidiary of AMR Corp., is based in Fort Worth.
| Issuer: | American Airlines, Inc.
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| Amount: | $796,898,000
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| Description: | Pass-through certificates, series 2021-1
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| Lead bookrunners: | Deutsche Bank Securities Inc., Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC
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| Maturity: | July 11, 2034
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| Trade date: | Oct. 25
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| Ratings: | Moody’s: Baa1
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| S&P: A-
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| Fitch: A
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| Distribution: | SEC registered
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| Guidance: | Low- to mid-3% area
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