New Issue: American Airlines prices $120 million certificates at par to yield 6 1/8%

By Paul A. Harris

Portland, Ore., May 30 - American Airlines, Inc. priced a $119,769,000 issue of its five-year pass-through certificates, series 2013-1C, (/CCC+/CCC) at par to yield 6 1/8%, according to a market source.

Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. and J.P. Morgan Securities LLC managed the sale.

The certificates generally will rank junior to the Fort Worth-based carrier's pass-through certificates, series 2013-1A and series 2013-1B, which were issued on March 12, 2013.

The class C certificates will represent an interest in the assets of a pass-through trust, which will hold certain equipment notes expected to be issued by American Airlines. They are expected to be secured by eight currently owned Boeing 737-823 aircraft, one currently owned Boeing 777-223ER aircraft, two currently owned Boeing 777-323ER aircraft, and two new Boeing 777-323ER aircraft currently scheduled for delivery between June and July 2013.

Issuer:	American Airlines, Inc.
Amount:	$119,769,000
Maturity:	July 15, 2018
Securities:	Pass-through certificates, series 2013-1C
Bookrunners:	Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC
Coupon:	6 1/8%
Price:	Par
Yield:	6 1/8%
Ratings:	Standard & Poor's: CCC+
	Fitch: CCC
Distribution:	Rule 144A

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