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US Airways, Inc. Announces Pricing Of $820 Million Aircraft Financing

TEMPE, Ariz., April 10, 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 two classes of enhanced equipment trust certificates (the "Certificates") in the aggregate face amount of approximately $820 million. The Company intends to use the proceeds from the offering to finance its purchase of 18 Airbus aircraft scheduled to be delivered from September 2013 to June 2014 and to use the balance, if any, for general corporate purposes. 

(Logo: http://photos.prnewswire.com/prnh/20120103/LA28814LOGO)

The $820 million financing is comprised of approximately $620 million of Class A certificates with a final expected distribution date of November 15, 2025 and approximately $200 million of Class B certificates with a final expected distribution date of November 15, 2021.  The Certificates are expected to be issued on April 24, 2013, subject to customary closing conditions. 

Goldman, Sachs & Co. acted as structuring agent for the offering.  Goldman, Sachs & Co., Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC acted as joint book-running managers for the offering; Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Natixis Securities Americas LLC 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. 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), Citigroup Global Markets Inc. (tel: 1-212-723-6171), Morgan Stanley & Co. LLC (tel: 1-866-718-1649), Barclays Capital Inc. (tel: 1-888-603-5847), Merrill Lynch, Pierce, Fenner & Smith Incorporated (tel: 1-800-294-1322) or Natixis Securities Americas LLC (tel: 1-866-245-0436).

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