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American Airlines to price $638.91 million class AA, A, pass-throughs
By Devika Patel
Knoxville, Tenn., July 31 – American Airlines, Inc. announced a $638,914,000 offering of class AA and class A pass-through certificates, series 2017-2, according to an FWP and a 424B5 filed with the Securities and Exchange Commission.
The deal includes $436,669,000 of class AA certificates with a final expected distribution date of Oct. 15, 2029.
Also, there is $202,245,000 of class A certificates with a final expected distribution date of Oct. 15, 2029.
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 Fitch Ratings, respectively.
Goldman Sachs & Co., Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. are the structuring agents and lead bookrunners.
Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, BofA Merrill Lynch, Barclays, J.P. Morgan Securities LLC, BNP Paribas Securities Corp., Credit Agricole Securities, ICBC and U.S. Bancorp Investments Inc. are joint bookrunners.
Academy Securities Inc. is the co-manager.
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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