American Airlines plans $1.41 billion sale of class A pass-throughs

By Andrea Heisinger

New York, July 24 - American Airlines, Inc. announced a $1,408,113,000 offering of class A pass-through certificates, series 2013-0, in a press release on Wednesday.

The trade is being done under Rule 144A.

The company's pass-through trust holds equipment notes to be issued by American that 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.

Proceeds will be used by American to reimburse itself for the repayment of existing financing for the aircraft. That financing includes an enhanced equipment trust transaction done by American in July of 2009, secured notes financing from July of 2009 and an enhanced equipment trust transaction from October of 2011.

The commercial airline, which is a subsidiary of AMR Corp., is based in Fort Worth, Texas.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.