American Airlines launches $256 million pass-through certificates, series C, at 6%

By Paul A. Harris

Portland, Ore., Dec. 13 - American Airlines, Inc. launched a $256,018,000 offering of pass-through certificates, series 2013-2C, (/B+/B+) at 6% on Friday, according to market sources.

The deal is believed to be almost entirely spoken for in a process of reverse inquiry, according to a buyside source.

Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC and Deutsche Bank Securities Inc. are the physical bookrunners for the Rule 144A deal.

Citigroup Global Markets Inc., Goldman Sachs & Co. and J.P. Morgan Securities LLC are the passive bookrunners.

The notes, which are secured with aircraft, come with a three-year average life and a final maturity of Jan. 15, 2017.

The Fort Worth-based air carrier plans to use the proceeds for general corporate purposes.

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