ByrdluvsAWACO
Sep 16, 04, 3:26 pm
I just thought I would post this.
A couple of positive notes...
The airline's new term loans are secured with the same spare parts, rotables and aircraft engines that secured the Mizuho term loan. The airline's maintenance hangar in Phoenix, Ariz., which also secured the Mizuho loan, is not part of the collateral for the new transaction.
Payments on the new term loans begin in March 2006 and run through 2010. As a result, America West increased its current cash position and lowered its loan principal amortizations in 2005, 2006 and 2007 by $30 million, $25 million and $6 million, respectively.
America West Refinances Mizuho Loan (http://www.forbes.com/home/feeds/ap/2004/09/15/ap1545276.html)
A couple of positive notes...
The airline's new term loans are secured with the same spare parts, rotables and aircraft engines that secured the Mizuho term loan. The airline's maintenance hangar in Phoenix, Ariz., which also secured the Mizuho loan, is not part of the collateral for the new transaction.
Payments on the new term loans begin in March 2006 and run through 2010. As a result, America West increased its current cash position and lowered its loan principal amortizations in 2005, 2006 and 2007 by $30 million, $25 million and $6 million, respectively.
America West Refinances Mizuho Loan (http://www.forbes.com/home/feeds/ap/2004/09/15/ap1545276.html)