US Airways 2007 Annual Report Download - page 92

Table of Contents
US Airways Group, Inc.
Notes to Consolidated Financial Statements — (Continued)
7. Debt, including capital lease obligations
The following table details US Airways Group's debt as of December 31, 2007 and 2006 (in millions). Variable interest rates listed
are the rates as of December 31, 2007 unless noted.
December 31, December 31,
2007 2006
Secured
Citicorp North America loan, variable interest rate of 7.28%, installments due through maturity(a) $ 1,600 $ —
General Electric Capital Corporation loan(b) — 1,250
Equipment notes payable, fixed and variable interest rates ranging from 6.55% to 9.62%, averaging 7.57% as
of December 31, 2007 1,378 1,258
Slot financing, interest rate of 8%, installments due through 2015(c) 47 47
Capital lease obligations, interest rate of 8%, installments due through 2021(d) 41 41
Senior secured discount notes, variable interest rate of 8.24%, installments due 2005 through 2009(e) 32 33
GE credit facility(b) — 21
Capital lease obligations, computer software, installments due through 2009 1 2
3,099 2,652
Unsecured
7% senior convertible notes, interest only payments until due in 2020(f) 74 74
GE Engine Maintenance term note, variable interest of 8.79%, installments due 2008 through 2011(g) 57 45
Industrial development bonds, fixed interest rate of 6.3%, due 2023(h) 29 29
Barclays prepaid miles (formerly Juniper prepaid miles)(b) — 325
Note payable to Pension Benefit Guaranty Corporation, interest rate of 6%, interest only payments until due
2012(i) 10 10
170 483
Total long-term debt and capital lease obligations 3,269 3,135
Less: Unamortized discount on debt (121) (133)
Current maturities (117) (95)
Long-term debt and capital lease obligations, net of current maturities $ 3,031 $ 2,907
(a) On March 23, 2007, US Airways Group entered into a new term loan credit facility with Citicorp North America, Inc., as
administrative agent, and a syndicate of lenders pursuant to which the Company borrowed an aggregate principal amount of
$1.6 billion. US Airways is a guarantor of the Citicorp credit facility.
The Citicorp credit facility bears interest at an index rate plus an applicable index margin or, at US Airways Group's option,
LIBOR plus an applicable LIBOR margin for interest periods of one, two, three or six months. The applicable index margin,
subject to adjustment, is 1.00%, 1.25% or 1.50% if the adjusted loan balance is less than $600 million, between $600 million and
$1 billion, or between $1 billion and $1.6 billion,
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