American Airlines to price $1.1 billion of pass-through certificates in three tranches

By Cristal Cody

Tupelo, Miss., Aug. 1 – American Airlines, Inc. plans to price $1,096,508,000 of series 2019-1 pass-through certificates in three tranches, according to a 425B5 filed with the Securities and Exchange Commission on Thursday.

The deal includes $578,712,000 of class AA certificates, $289,358,000 of class A certificates and $228,438,000 of class B certificates.

The class AA and A certificates have a final distribution date of Feb. 15, 2032, while the class B certificates have a final distribution date of Feb. 15, 2028.

Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC are the lead bookrunners.

Joint bookrunners include Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, BofA Securities, Inc., Barclays, J.P. Morgan Securities LLC, ICBC Standard Bank plc, SMBC Nikko Securities America, Inc., BNP Paribas Securities Corp., Credit Agricole Securities, HSBC Securities (USA) Inc., MUFG, Standard Chartered Bank, U.S. Bancorp Investments, Inc. and BOK Financial Securities, Inc.

Proceeds will be used to purchase aircraft.

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

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