US Airways, Inc. a subsidiary of US Airways Group, Inc. (LCC), said Wednesday that it has priced an offering of Class C enhanced equipment trust certificates in the aggregate face amount of about $100 million.
The 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 plans 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 $100 million 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.
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