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AA prices $1bn senior secured notes

16 March 2011

The notes are secured with routes, landing and take-off slots and the right to occupy space in airport terminals.

Read more: American Airlines $1 billion Citi Credit Suisse JP Morgan routes

American Airlines completed a private offering of senior secured notes worth $1 billion on Tuesday. The notes, which priced at 7.50% and mature in 2016, will be used for general corporate purposes.

Citi is joint bookrunner manager with...


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Quote

“At the current pricing it will become attractive again to issue Ex-Im-guaranteed bonds. This will help stabilize and drive pricing down from where it is now.”

Kostya Zolotusky, managing director, capital markets, Boeing Capital, says about the price of export credit.


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