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American Airlines to sell $520.11 million pass-through certificates
By Andrea Heisinger
New York, June 29 - American Airlines Inc. is planning a $520.11 million sale of pass-through certificates (Baa3/A-), according to 424B3 and FWP filings with the Securities and Exchange Commission.
The notes will have an initial maturity of July 2, 2019 and a final maturity of Jan. 2, 2021.
The average life is 7.3 years.
Bookrunners are Goldman Sachs & Co. and Morgan Stanley & Co. Inc. Co-manager is Calyon Securities.
Proceeds will be used to take delivery of new aircraft.
The commercial airline is based in Fort Worth, Texas.
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