Wed, May 02, 2012
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.
Also: Terra Drone, senseFly partners with MicaSense, Quadcopter Topology Optimization The Heron 1 UAV has attained Full Operational Capability (FOC), allowing two Republic of Singa>[...]
Also: SELFLY Camera-Kickstarter, Turtle Tracking Drones, Drones Save Lives! The Canadian government has recently released new regulations for recreational drone operators that carr>[...]
Also: NASA Authorization, Av-Associations, Essential Air Services, Kite String, Rotax @SnF, Car v Plane, FAA Forecast With the need to authorize the FAA before September 30 of this>[...]
Klyde Has A Sure-Fire Way Of Getting Attention... FMI: www.klydemorris.com>[...]
“Our vision throughout the restoration project has been to share this historic warbird with the world by operating Doc as a flying museum to honor those who built, maintained>[...]