US Airways Group yesterday completed a $1.6 billion, seven-year debt refinancing transaction arranged by Citigroup Global Markets and Morgan Stanley Senior Funding that it said will improve "liquidity over the next seven years by reducing principal payments and lowering near-term interest expense." Upon finalization of the refinancing, US extinguished a $1.25 billion senior secured credit facility and a $325 million unsecured debt facility. The additional $25 million made available by the ...

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