May 23, 2013

US Airways announces pricing of $100m aircraft financing

US Airways announced that it priced an offering of Class C enhanced equipment trust certificates in the aggregate face amount of approximately $100m. 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. The $100m financing is comprised of Class C certificates with a final expected distribution date of June 3, 2018. The Certificates are expected to be issued on June 6, 2013, subject to customary closing conditions. Goldman, Sachs & Co. acted as sole structuring agent and bookrunner for the offering.



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