US Airways changes terms on $1.6B in debt for refinancing

05/17/2013 | Bloomberg Businessweek

US Airways Group has reduced the rate on $1.6 billion in debt the carrier plans on refinancing, a source says. US Airways will now offer the $1 billion term loan at 3.25% interest, compared with a previous plan for up to 3.75% interest. The remaining debt will be sold at a discount of 99.5 cents on the dollar, compared to a previous plan of 99 cents on the dollar.

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