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American Airlines closes equipment trust certificates offering

Texas-based carrier American Airlines (OTC: AAMRQ) said it has closed a private offering of pass through certificates series 2013-2B in the aggregate face amount of USD 512,038,000.

According to American, the class B certificates will rank generally junior to an offering American Airlines pass through certificates, Series 2013-2A, which were originally issued on July 31, 2013.

The certificates were issued with an interest rate of 5.60% per annum and a final expected distribution date of July 15, 2020. The class B certificates represent an interest in the assets of a pass through trust, which holds certain equipment notes issued by American.

Such equipment notes are 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.

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