US Airways has launched a $1.6billion senior secured refinancing, which consists of a $1 billion, six-year B-1 term loan and a $600 million, 3.5-year B-2 term loan. Citigroup, Barclays, Morgan Stanley, and Goldman Sachs are the banks arranging the deal. Price talk on the six-year loan has been set at LIBOR +350-375bps, with a 1% LIBOR floor, offered at 99, while the junior tranche is priced around L+275-300, with a 1% LIBOR floor, offered at 99.5, according to S&Ps Leveraged Commentary & Data. At these prices, the six-year tranche would yield 4.78-5.04% to maturity, while the 3.5-year loan would yield

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