American Airlines prices $957 million in new airplane financing

American Airlines Inc. said today that it priced $957 million in new airplane financing that’s expected to be issued on Sept. 16.

The Fort Worth-based airline plans to use the financing proceeds to acquire equipment notes issued by the company and secured by five Airbus A319-112 aircraft delivered last year, seven Airbus A321-231 aircraft delivered this year and five Boeing 777-323ER aircraft delivered between 2012 and this year.

American said it plans to use proceeds from the notes for general corporate purposes and to pay fees and expenses related to the certificate offering.

The $957 million financing is comprised of two classes of enhanced equipment trust certificates: about $742 million of Class A certificates with an expected distribution date of Oct. 1, 2026; and about $215 million of Class B certificates with an expected distribution date of Oct. 1, 2022. American will offer the certificates under an existing shelf registration.