US Airways, Inc. Announces Pricing Of $623 Million Aircraft Financing | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne On ANN

ADR 01.23.17

Airborne 01.16.17

Airborne 01.17.17

Airborne 01.18.17

Airborne 01.19.17

Airborne 01.20.17

Airborne Hi-Def On YouTube

ADR 01.23.17

Airborne 01.16.17

Airborne 01.17.17

Airborne 01.18.17

Airborne 01.19.17

Airborne 01.20.17

Wed, May 02, 2012

US Airways, Inc. Announces Pricing Of $623 Million Aircraft Financing

Plans To Re-Finance Two A320 Airplanes, Purchase Additional Aircraft

US Airways announced Monday that it priced two offerings of enhanced equipment trust certificates in the aggregate face amount of approximately $623 million. The Company intends to use the proceeds from the offerings to refinance two Airbus aircraft currently owned by US Airways, to finance the Company's purchase of twelve Airbus aircraft scheduled to be delivered from September 2012 to March 2013 and to use the balance, if any, for general corporate purposes.

The $623 million financing is comprised of approximately $380 million of Class A certificates with a final expected distribution date of October 1, 2024, approximately $125 million of Class B certificates with a final expected distribution date of October 1, 2019, and approximately $118 million of Class C certificates with a final expected distribution date of October 1, 2015.  The offerings are expected to close on May 14, 2012, subject to customary closing conditions. 

Morgan Stanley & Co. LLC acted as structuring agent for the offerings.  Morgan Stanley & Co. LLC, Citigroup Global Markets Inc. and Goldman, Sachs & Co. acted as the joint book-running managers for the offerings; Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Natixis Securities Americas LLC acted as co-managers for the offerings. 

The Certificates have been offered under the Company's existing effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. A separate prospectus supplement and accompanying prospectus describing the terms of each offering has been filed with the Securities and Exchange Commission.

FMI: www.usairways.com

Advertisement

More News

Airborne 01.20.17: Astro-NIMBY!, Airbus Flying Car, JetSuiteX v KSMO

Also: Daher Delivers, Aviation Progress, Tecnam P2012, D.B. Cooper, MH370 Search, T-45C Accident, Piper We previously reported that studies indicate many complaints about airport n>[...]

Aero-TV: Hover Camera Passport - A Gesture Controlled Selfie Drone

It’s So Simple to Operate, Anyone Can do it… And we’re Not Kidding The drones were up and flying at the Consumer Electronics Show held in Las Vegas in January 20>[...]

Aero-News: Quote of the Day (01.22.17)

Aero-News Quote of the Day "During the holiday season, it's especially important to give back. Knowing so many families were provided transportation to doctors because of Miracle F>[...]

ANN's Daily Aero-Linx (01.22.17)

Aero Linx: German Business Aviation Association (GBAA) The German Business Aviation Association is a registered association representing the interests of corporate aviation and of >[...]

ANN's Daily Aero-Term (01.22.17): Flight Level

Flight Level A level of constant atmospheric pressure related to a reference datum of 29.92 inches of mercury. Each is stated in three digits that represent hundreds of feet. For e>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC