American Closes Certificates Offering

American Airlines says it has closed its private offering of Pass Through Certificates, Series 2013-1C in the aggregate face amount of $119,769,000. These Class C Certificates were issued with an interest rate of 6.125 per cent per annum and a final expected distribution date of July 15, 2018. American said the 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. The equipment notes are expected to be secured by eight currently owned 737-823 aircraft, one currently owned 777-223ER, two currently owned 777-323ERs, and two new 777-323ERs currently scheduled for delivery in June 2013 and July 2013.

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