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

Most Recent Daily Airborne

Airborne On ANN

Airborne On YouTube/Hi-Def/Mac Friendly

Monday

Airborne 01.26.15

Airborne 01.26.15

Tuesday

Airborne 01.27.15

Airborne 01.27.15

Wednesday

Airborne 01.28.15

Airborne 01.28.15

Thursday

Airborne 01.29.15

Airborne 01.29.15

Friday

Airborne 01.30.15

Airborne 01.30.15

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 01.30.15: SpaceShipTwo Test Update, Google Lunar, CAF Hall Of Fame

Also: XL-2 Returns, DJI Disables, Barnstorming On Aero-Community, Prop STC, Elon Musk, Mars-Copter Since its inception, Virgin Galactic has worked with Scaled Composites to build a>[...]

ANN's Daily Aero-Linx (01.31.15)

Association of Air Medical Services The Association of Air Medical Services (AAMS), based in Alexandria, Va., is the only trade association serving the entire air and ground medica>[...]

ANN's Daily Aero-Term (01.31.15): No Gyro Approach

A radar approach/vector provided in case of a malfunctioning gyro-compass or directional gyro.>[...]

Aero-News: Quote Of The Day (01.31.15)

“I’m grateful to my staff, many supporters, suppliers and the Heriot Watt Research Park team who are here to celebrate our official opening today." Source: Trig Avionic>[...]

ANN FAQ: ANN's News Portal Syndication Program

Get A Customized ANN News Portal For YOUR Website! As we promised, the ever-so-busy software geeks at ANN have been working overtime on a number of cool new tools and toys... and t>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC