By Cristal Cody
Eureka Springs, Ark., June 27 – American Airlines, Inc. sold $226,949,000 of 4.375% class B enhanced equipment trust certificates with a final expected distribution date of June 15, 2024, according to an 8-K filing with the Securities and Exchange Commission on Monday.
The sale is a continuation of the company's offering of series 2016-2 series of enhanced equipment trust certificates, which included class AA and class A certificates, that closed on May 16.
Proceeds will be used to finance the purchase of five Airbus aircraft and three Boeing aircraft scheduled to be delivered from June through August and the remaining balance for general corporate purposes.
The Fort Worth, Texas-based commercial airline is a subsidiary of AMR Corp.
| Issuer: | American Airlines, Inc.
|
| Amount: | $226,949,000
|
| Maturity: | June 15, 2024
|
| Securities: | Enhanced equipment trust certificates
|
| Coupon: | 4.375%
|
| Pricing date: | June 27
|
| Distribution: | Rule 144A, Regulation S
|
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