American Airlines Issues $1.14 Billion in Aircraft Bonds
American Airlines has raised $1.14 billion through a two-part debt offering, using enhanced equipment trust certificates (EETC) to secure lower borrowing costs. The funds will be used for aircraft purchases, loan refinancing, and general corporate purposes. The deal includes a $905 million tranche with an 'A' rating and a $235.8 million tranche with a 'BBB' rating.
Tickers: $AAL
Topics: aircraft financing airline industry corporate borrowing debt issuance fuel costs