New Issue: American Airlines prices $197.8 million 4.95% pass-through certificates at par

By Cristal Cody

Eureka Springs, Ark., Jan. 5 – American Airlines, Inc. sold $197,777,000 of 4.95% class B series 2017-1B pass-through certificates at par on Thursday, according to an FWP filed with the Securities and Exchange Commission.

The notes have a final distribution date of Aug. 15, 2026 and an initial average life of 5.5 years.

Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. were the lead managers.

Proceeds will be used to purchase new aircraft.

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

Issuer:	American Airlines, Inc.
Amount:	$197,777,000
Description:	Pass-through certificates
Maturity:	Aug. 15, 2026
Bookrunners:	Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc.
Co-managers:	Goldman Sachs & Co., Morgan Stanley & Co. LLC, BofA Merrill Lynch, Barclays, J.P. Morgan Securities LLC, BNP Paribas Securities Corp., Credit Agricole Securities (USA) Inc., ICBC Standard Bank plc, U.S. Bancorp Investments, Inc.
Coupon:	4.95%
Price:	Par
Yield:	4.95%
Call feature:	Make-whole spread of 50 bps over Treasuries
Trade date:	Jan. 5
Settlement date:	Jan. 13
Distribution:	SEC registered

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