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.
CVR Indicates Pounding On Cockpit Door, Shouting For It To Be Opened Data retrieved from the Cockpit Voice Recorder (CVR) aboard the Germanwings Airbus A320 that went down in the F>[...]
Also: Nanchang CJ-6A, USAF T-X Program, UK AAIB Withholds Info, Aussie Aero-Politics, GPS Errors Found, ATC Reform House Bill HR 476 will eliminate G.I. training benefits for those>[...]
Also: ALPA v UAVs, Aero-Community Update: XPrize, FAA Streamlines UAS COAs, Airport Infrastructure, ATC Reform, New SpaceX Rocket Data retrieved from the Cockpit Voice Recorder (CV>[...]
Fun Places To Fly It may still be cold and snowy where you are, but spring is here and the flying weather will soon start to get better everywhere.>[...]
A waypoint designed to permit early turns, thus allowing the aircraft to roll out onto the center of the desired track to the next waypoint.>[...]