American Airlines plans $888.74 million class AA, A, B pass-throughs

By Aleesia Forni

Virginia Beach, Sept. 10 – American Airlines, Inc. announced an $888.74 million offering of class AA, class A and class B pass-through certificates, series 2015-2, in filings with the Securities and Exchange Commission on Thursday.

The deal includes $488,182,000 of class AA certificates (Aa3/AA) with a final expected distribution date of Sept. 22, 2027.

Also, there is $200,279,000 of class A certificates (A2/A) with a final expected distribution date of Sept. 22, 2027.

A $200,279,000 tranche of class B certificates (Baa3/BBB) has a final expected distribution date of Sept. 22, 2023.

Morgan Stanley & Co. LLC is the structuring agent and lead bookrunner.

Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co., Barclays, BofA Merrill Lynch, BNP Paribas Securities Corp., Credit Agricole Securities and J.P. Morgan Securities LLC are the joint bookrunners.

Proceeds will be used to acquire equipment notes that will be issued to finance the purchase of three Airbus A319-112 aircraft delivered from April 2015 to June 2015, nine Airbus A321-231 aircraft delivered from April 2015 to August 2015, three Boeing 737-823 aircraft delivered from March 2015 to June 2015, one Boeing 777-323ER aircraft delivered in February 2015 and three Boeing 787-8 aircraft delivered from February 2015 to August 2015.

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

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