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American Airlines plans $663.3 million sale of class A, B EETCs
By Andrea Heisinger
New York, March 5 - American Airlines, Inc. is planning to price $663.3 million of enhanced equipment trust certificates class A and class B tranches, according to a press release on Tuesday.
The offering includes $506.7 million of class A certificates (/BBB-/BBB+) with an expected maturity of July 15, 2025.
There is also $156.6 million of class B certificates (/B+/B) with an expected maturity of Jan. 15, 2021.
Each will have a legal maturity 18 months after the expected maturity.
The notes will be secured by eight Boeing aircraft.
Pricing will be done under Rule 144A and Regulation S.
The commercial airline is based in Fort Worth, Texas.
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