American Airlines EETC deal ready for takeoff

American Airlines
By Sasha Padbidri
05 Jan 2017

American Airlines has opened up the esoteric ABS pipeline in 2017 with a nearly $1bn enhanced equipment trust certificate (EETC) offering to fund the purchase of new aircraft.

Bookrunners Credit Suisse, Citi and Deutsche Bank released guidance for the $983.215m deal on Thursday, with the yield of the $404.9m ‘AA’ notes guided at 3.7%. The $187.6m ‘A’ notes and the $197.7m ‘B’ notes were guided at 4% and 5.125%, respectively.

The proceeds of ...

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