TEMPE, Ariz.—(BUSINESS WIRE)— US Airways, Inc. (“US Airways” or the “Company”), a wholly-owned subsidiary of US Airways Group, Inc. (NYSE:LCC – News) (“US Airways Group”), announced today its intention to make an offering, subject to market and other conditions, of Class C enhanced equipment trust certificates (the “Certificates”) in the aggregate principal amount of approximately $53 million. This offering is an additional issuance from the Company’s Series 2010-1 series of enhanced equipment trust certificates which originally closed on December 21, 2010, with an offering of Class A certificates and Class B certificates. The Company intends to use the proceeds from this offering for general corporate purposes.
The $53 million financing will consist of Class C certificates with a final expected distribution date of October 22, 2014.
Goldman, Sachs & Co. will act as structuring agent for the offering. Goldman, Sachs & Co., Citigroup Global Markets Inc. (“Citi”), Credit Suisse Securities (USA) LLC (“Credit Suisse”) and Morgan Stanley & Co. LLC (“Morgan Stanley”) will act as the joint book-running managers for the offering.
The Certificates will be 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 will be filed with the Securities and Exchange Commission. When available, copies of both the prospectus supplement and the accompanying prospectus may be obtained from Goldman, Sachs & Co. (tel: 1-866-471-2526), from Citi (tel: 1-212-723-6171), from Credit Suisse (tel: 1-800-221-1037) and from Morgan Stanley (tel: 1-866-718-1649).