Will Finance Eleven Airbus Aircraft To Be Delivered In May Of Next Year

US Airways has priced an offering of two classes of enhanced equipment trust certificates (the "Certificates") in the aggregate face amount of approximately $546 million. The Company intends to use the proceeds from the offering to finance its purchase of eleven Airbus aircraft scheduled to be delivered from May 2013 to October 2013 and to use the balance, if any, for general corporate purposes, the company announced Thursday.

The $546 million financing is comprised of approximately $418 million of Class A certificates with a final expected distribution date of June 3, 2025 and approximately $128 million of Class B certificates with a final expected distribution date of June 3, 2021.  The Certificates are expected to be issued on December 13, 2012, subject to customary closing conditions. 

Citigroup Global Markets Inc. acted as structuring agent for the offering.  Citigroup Global Markets Inc., Goldman, Sachs & Co. and Morgan Stanley & Co. LLC acted as joint book-running managers for the offering; Barclays Capital Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as co-managers for the offering. 

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 prospectus supplement and accompanying prospectus describing the terms of the offering has been filed with the Securities and Exchange Commission.

FMI: www.usairways.com