American Airlines has priced a $956,884,000 enhanced equipment trust certificate (EETC) in two tranches, both A and B notes were investment grade-rated which helped draw in insurance company investors and European investors to the massively oversubscribed deal.The notes are secured on a pool of aircraft comprised of: five Airbus A319-112 aircraft delivered new to American in 2013, seven Airbus A321-231 aircraft delivered new to American in 2014, and five Boeing 777-323ER aircraft delivered new to American from 2012 to 2014.The $741, 460,000 Class A notes due October 1, 2026 have an initial LTV of 54.2% with a weighted average life

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In