American Airlines to sell $592.5 million class AA, A, pass-throughs

By Devika Patel

Knoxville, Tenn., Jan. 4 – American Airlines, Inc. announced a $592,496,000 offering of class AA and class A pass-through enhanced equipment trust certificates, series 2016-3, in an FWP and a 424B5 filed with the Securities and Exchange Commission on Monday.

The deal consists of $404,973,000 of class AA certificates and $187,553,000 of class A certificates.

The average life for both tranches will be 8.8 years.

Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. are the bookrunners.

The company expects the class AA notes to be rated (Aa3/AA) and the class A notes to be rated (A2/A) by Moody’s Investors Service and S&P Global Ratings, respectively.

Proceeds will be used to purchase new aircraft.

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

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