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America West Holdings calls remaining 7.5% convertibles
By Angela McDaniels
Seattle, March 27 - America West Holdings Corp. said it will redeem all $112,299,302 outstanding of its 7.5% convertible senior notes due 2009 on April 13.
Noteholders will receive $1,053.42 in cash per $1,000 principal amount of notes, which includes accrued interest up to but excluding the redemption date.
Wilmington Trust Co. (302 636-6016) is the trustee and paying agent.
Noteholders may convert each $1,000 note into 34.376 shares of parent company US Airways Group Inc.'s common stock at a price of $29.09 per share prior to 5 p.m. ET on April 11.
US Airways Group's stock closed at $39.17 on Monday.
American West is a Tempe, Ariz.-based holding company for airlines US Airways, US Airways Shuttle and US Airways Express.
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