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.
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, 2013, subject to customary closing conditions.
Goldman, Sachs & Co. acted as sole structuring agent and bookrunner 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. Copies of both the prospectus supplement and the accompanying prospectus for the offering may be obtained from Goldman, Sachs & Co. (tel: 1-866-471-2526).
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.