Hawaiian Airlines, Inc. a wholly owned subsidiary of Hawaiian Holdings, Inc., today announced its offering of Enhanced Equipment Trust Certificates (the “Certificates”) which will be used to obtain financing secured by eight Airbus aircraft.
The offering is comprised of approximately $216,976,000 of Class A Certificates, and approximately $45,010,000 of Class B Certificates. Each class of Certificates represents an interest in its respective pass through trust. The trusts will use the proceeds from the offering to acquire equipment notes that will be secured by eight Airbus aircraft.
Hawaiian Holdings, Inc. (“Hawaiian Holdings”) will fully and unconditionally guarantee the payment obligations of the Company under the equipment notes.
The Certificates will be offered and sold only to persons reasonably believed to be qualified institutional buyers, as defined in, and in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and to non-U.S. persons in offshore transactions outside the United States in reliance on Regulation S under the Securities Act. The Certificates will not be registered under the Securities Act or any other securities laws of any jurisdiction and will not have the benefit of any exchange offer or other registration rights. The Certificates may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
