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American Airlines plans $1.2 billion class A, B pass-throughs
By Aleesia Forni
Virginia Beach, March 2 – American Airlines, Inc. announced a $1,213,824,000 offering of class A and class B pass-through certificates, series 2015-1, in a filing with the Securities and Exchange Commission on Monday.
The deal includes $947,778,000 of class A certificates with a final expected regular distribution date of May 1, 2027.
There is also $266,046,000 of class B certificates with a final expected regular distribution date of May 1, 2023.
Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. are the joint structuring agents and lead bookrunners.
Citigroup Global Markets Inc., Goldman Sachs & Co., Morgan Stanley & Co. LLC, BofA Merrill Lynch, Barclays, J.P. Morgan Securities LLC, BNP Paribas Securities Corp. and Credit Agricole Securities are the joint bookrunners.
Proceeds will be used to acquire equipment notes that will be issued to finance the purchase of eight Airbus A319-112 aircraft delivered new to American from July 2013 to February 2015, five Boeing 737-823 aircraft either delivered new to American from September 2009 to February 2015 or newly manufactured and scheduled for delivery to American in March 2015, one Boeing 787-8 aircraft either delivered new to American in January 2015 or newly manufactured and scheduled for delivery to American from March 2015 to May 2015, five Boeing 777-323ER aircraft delivered new to American from April 2014 to February 2015 and nine Embraer ERJ 175 LR aircraft newly manufactured and scheduled for delivery to American from July 2015 to September 2015.
The commercial airline, which is a subsidiary of AMR Corp., is based in Fort Worth, Texas.
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