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October 10, 2012 - American Airlines, its parent
company, AMR Corporation and certain of AMR's
other subsidiaries on Tuesday filed a motion
with the United States Bankruptcy Court for the
Southern District of New York (the "Bankruptcy
Court") requesting entry of an order authorizing
American to, among other things:
Obtain post petition financing in an amount of
up to $1.5 billion secured on a first priority
basis by, among other things, up to 41 Boeing
737-823 aircraft, 14 Boeing 757-223 aircraft,
one Boeing 767-323ER aircraft and 19 Boeing
777-223ER aircraft (each, an "Aircraft" and,
collectively, the "Aircraft") as part of a new
enhanced equipment trust certificate ("EETC")
financing (the "New EETC"), and
Use cash on hand (including proceeds of the New
EETC) to indefeasibly repay the existing
prepetition obligations secured by the Aircraft,
as applicable, which are currently financed
through, as the case may be, an EETC financing
entered into by American in July 2009 (the
"Series 2009-1 Pass Through Certificates"
(CUSIP: 023763AA3)), a secured notes financing
entered into by American in July 2009 (the
"13.0% 2009-2 Senior Secured Notes" (CUSIP:
023771R75)) and an EETC financing entered into
by American in October 2011 (the "Series 2011-2
Pass Through Certificates" (CUSIP: 02377VAA0)),
in each case without the payment of any
make-whole amount or other premium or prepayment
penalty.
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