By Aleesia Forni
Virginia Beach, Va., July 31 - American Airlines Inc. tapped Wednesday's market for $1,408,113,000 of 4.95% class A pass-through certificates in a private placement, according to a filing with the Securities and Exchange Commission.
The trade was done under Rule 144A.
The agents were Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. and J.P. Morgan Securities LLC.
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 2009, secured notes financing from July 2009 and an enhanced equipment trust transaction from October 2011.
The commercial airline, which is a subsidiary of AMR Corp., is based in Fort Worth, Texas.
| Issuer: | American Airlines Inc.
|
| Issue: | Class A pass-through certificates
|
| Amount: | $1,408,113,000
|
| Final distribution date: | Jan. 15, 2023
|
| Agents: | Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., J.P. Morgan Securities LLC
|
| Coupon: | 4.95%
|
| Distribution: | Rule 144A
|
| Settlement date: | July 31
|
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