US Airways, Inc. Announces Pricing Of $100 Million Aircraft Financing


PR Newswire
| 2013/05/23 | 162 words | AVIATION WORLD NEWS | INDUSTRY / TECHNOLOGY

TEMPE, Ariz., May 22, 2013 /PRNewswire/ -- US Airways, Inc. ("US Airways" or the "Company"), a wholly-owned subsidiary of US Airways Group, Inc. (NYSE: LCC) ("US Airways Group"), announced today that it priced an offering of Class C enhanced equipment trust certificates (the "Certificates") in the aggregate face amount of approximately $100 million. This offering is an additional issuance from the Company's Series 2012-2 series of enhanced equipment trust certificates, under which an offering of Class A certificates and Class B certificates closed on December 13, 2012. The Company intends to use the proceeds from the offering to reimburse the Company for the cost of the purchase of two Airbus aircraft currently owned by the Company and two Airbus aircraft scheduled to be delivered to the Company prior to the date of issuance of the Certificates, to finance its purchase of seven Airbus aircraft scheduled to be delivered from June 2013 to October 2013 and to use the balance, if any, for general corporate purposes.

-LCC-

SOURCE US Airways, Inc.


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