By Cristal Cody
Tupelo, Miss., Nov. 27 - American Airlines, Inc. on Wednesday announced that it priced and closed on its Rule 144A and Regulation S private offering of $512,038,000 of 5.6% series 2013-2B pass-through certificates.
The certificates (/B+/B) are due July 15, 2020, according to a filing on Wednesday with the Securities and Exchange Commission.
The certificates will rank junior to the company's $1,408,113,000 of 4.95% series 2013-2A class A pass-through certificates priced on July 31.
The certificates represent an interest in the assets of a pass-through trust, which holds equipment notes issued by American. The equipment notes are secured by 41 currently owned Boeing 737-823 aircraft, 14 Boeing 757-223 aircraft, one Boeing 767-323ER aircraft and 19 Boeing 777-223ER aircraft.
The commercial airline, which is a subsidiary of AMR Corp., is based in Fort Worth, Texas.
| Issuer: | American Airlines, Inc.
|
| Amount: | $512,038,000
|
| Maturity: | July 15, 2020
|
| Securities: | Pass-through certificates
|
| Coupon: | 5.6%
|
| Ratings: | Standard & Poor's: B+
|
| Fitch: B
|
| Distribution: | Rule 144A, Regulation S
|
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