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US Airways Secures $1.6B Debt Refinance Deal

Law360 (February 28, 2007, 12:00 AM EST) -- US Airways Group Inc. on Wednesday said it has reached a $1.6 billion debt financing deal with units of Citigroup and Morgan Stanley that will allow the carrier to refinance $1.25 billion of its senior secured debt and $325 million in unsecured debt.

The airline said it has entered into a commitment letter with Citigroup Global Markets Inc. and Morgan Stanley Senior Funding Inc. to arrange a debt financing transaction of up to $1.6 billion.

The deal will permit US Airways to refinance $1.25 billion of...
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