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American Airlines to repay class C certificates via pass-through sale
By Sarah Lizee
Olympia, Wash., April 30 – American Airlines, Inc. plans to repay its class C certificates on June 1 using proceeds from a $100 million planned tranche of 2012-2C(R) pass-through certificates, series 2012-2, according to a 424B5 filed with the Securities and Exchange Commission.
The class C certificates bear interest at a fixed rate of 5.45% per annum and have a final regular distribution date of June 3.
Proceeds from new pass-throughs will also be used to purchase aircraft and redeem series C equipment notes.
The commercial airline, which is a subsidiary of AMR Corp., is based in Fort Worth, Texas.
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