FORT WORTH, Texas, June 5, 2013 /PRNewswire/ — American Airlines, Inc. (“American”), the principal operating subsidiary of AMR Corporation, today announced the closing of its private offering of American Airlines, Inc. Pass Through Certificates, Series 2013-1C (the “Class C Certificates”) in the aggregate face amount of $119,769,000. The Class C Certificates generally will rank junior to the American Airlines, Inc. Pass Through Certificates, Series 2013-1A and the American Airlines, Inc. Pass Through Certificates, Series 2013-1B, which were originally issued on March 12, 2013.
The Class C Certificates were issued with an interest rate of 6.125% per annum and a final expected distribution date of July 15, 2018. The Class C Certificates represent an interest in the assets of a separate pass through trust, which will hold certain equipment notes expected to be issued by American.
Such equipment notes are expected to be secured by eight currently owned Boeing 737-823 aircraft, one currently owned Boeing 777-223ER aircraft, two currently owned Boeing 777-323ER aircraft, and two new Boeing 777-323ER aircraft currently scheduled for delivery to American in June 2013 and July 2013.
The Class C Certificates were offered in the United States to qualified institutional buyers, as defined in, and in reliance on, Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Class C Certificates will not be registered under the Securities Act or applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state law.