By Cristal Cody
Tupelo, Miss., May 2 – American Airlines, Inc. priced a $100 million refinancing of 4.7% 2012-2C(R) pass-through certificates, series 2012-2, (Ba3//BB) at 99.297, according to an FWP filed Wednesday with the Securities and Exchange Commission.
Deutsche Bank Securities Inc. was the bookrunner.
The notes will have a weighted average life of 3.1 years and a final expected distribution date of June 3, 2021.
Proceeds will be used to purchase aircraft, to redeem 5.45% AAL 2012-2C series C equipment notes due June 3, 2018 and to repay class C certificates.
The commercial airline, which is a subsidiary of AMR Corp., is based in Fort Worth, Texas.
| Issuer: | American Airlines, Inc.
|
| Amount: | $100 million refinancing
|
| Description: | Pass-through certificates
|
| Final distribution date: | June 3, 2021
|
| Bookrunner: | Deutsche Bank Securities Inc.
|
| Coupon: | 4.7%
|
| Price: | 99.297
|
| Call feature: | Make-whole call at Treasuries plus 35 bps
|
| Trade date: | May 1
|
| Settlement date: | May 15
|
| Ratings: | Moody’s: Ba3
|
| Fitch: BB
|
| Distribution: | SEC registered
|
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