US Airways priced two tranches of enhanced equipment trust certificates totaling $819.61 million, according to a pricing document filed with US Securities and Exchange Commission.
Moody’s Investors Service, Standard & Poor’s and Fitch Ratings rated the deal. The $620 million, class A notes, ith an average life maturity of 8.5-years, ated ‘Ba1’/ ‘BBB’/ ‘A-’; priced with fixed rate coupon of 3.95%. The $199 million, 'B1'/ 'B+'/ 'BBB+', 7.2-year notes; priced with a foxed rate coupon of 5.37%. According to an investor presentation, a class C tranche may be offered once the deal is closed.