American Airlines priced an offering of two classes of enhanced equipment trust certificates (the “Certificates”) in the aggregate face amount of approximately $957m. Proceeds of the offering are expected to be used to acquire equipment notes issued by the Company and secured by (a) five Airbus A319-112 aircraft delivered new to the Company in 2013, (b) seven Airbus A321-231 aircraft delivered new to the Company in 2014, and (c) five Boeing 777-323ER aircraft delivered new to the Company from 2012 to 2014. The Company will use the proceeds from the issuance of such equipment notes for general corporate purposes and to pay fees and expenses related to the offering. The $957m financing is comprised of approximately $742m of Class A certificates with a final expected distribution date of October 1, 2026 and approximately $215m of Class B certificates with a final expected distribution date of October 1st, 2022. The Certificates are expected to be issued on September 16, 2014, subject to customary closing conditions.
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada