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American Airlines launches equipment trust certificates offering

Texas-based carrier American Airlines (OTC: AAMRQ) said it has launched private offering of American Airlines Inc pass through certificates series 2013-2B (class B certificates) in the aggregate face amount of USD 512.038m.

American said that the certificates will rank generally junior to the American Airlines, Inc. pass through certificates, Series 2013-2A, which were originally issued on July 31, 2013.

The certificates will represent an interest in the assets of a pass through trust, which will hold certain equipment notes expected to be issued by American.

Such equipment notes are expected to be secured by 41 currently owned Boeing (NYSE: BA) 737-823 aircraft, 14 currently owned Boeing 757-223 aircraft, one currently owned Boeing 767-323ER and 19 currently owned Boeing 777-223ER aircraft.

Proceeds from the issuance of the equipment notes are expected to be used by American to pay fees and expenses relating to this offering and for general corporate purposes.

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