American Airlines to sell class B pass-through certificates

Chicago, Oct. 27 – American Airlines, Inc. is returning to the market to sell $202,065,000 of class B pass-through certificates (Baa3/BB+/BB+) two market days after selling an offering of $757,825,000 class A certificates, according to an investor presentation and a 424B5 filing with the Securities and Exchange Commission.

The equipment notes underlying the certificates will have the benefit of a security interest in 26 aircraft.

Deutsche Bank Securities Inc., Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC are the joint structuring agents and joint lead bookrunners.

Joint bookrunners are BofA Securities, Inc., Barclays, Credit Suisse Securities (USA) LLC, ICBC Standard Bank plc, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, SMBC Nikko Securities America, Inc., BNP Paribas Securities Corp., Credit Agricole Securities (USA) Inc., HSBC Securities (USA) Inc., MUFG and Standard Chartered Bank.

U.S. Bancorp Investments, Inc. and BOK Financial Securities, Inc. are also listed.

Credit Agricole is the liquidity facility provider.

Wilmington Trust Co. is the trustee. Latham & Watkins LLP is working as counsel for American.

Proceeds will be held in escrow with depositary SMBC and withdrawn to purchase equipment notes as the aircraft are financed. Most of the aircraft underlying the equipment notes are scheduled for delivery between January 2022 and September 2022.

The commercial airline, which is a subsidiary of AAG., is based in Fort Worth.

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