US Airways (US) has priced two offerings of enhanced equipment trust certificates at approximately $623 million to refinance two Airbus aircraft and to finance 12 Airbus aircraft scheduled for delivery between September and March 2013.
According to US, the $623 million financing includes approximately $380 million of Class A certificates with a final expected distribution date of Oct. 1, 2024, approximately $125 million of Class B certificates with a final expected distribution date of Oct. 1, 2019, and approximately $118 million of Class C certificates with a final expected distribution date of Oct. 1, 2015. The offerings are expected to close May 14.
Article Source : ATW Daily News
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