Seabury Serves as Financial Advisor to US Airways Group, Inc. for $179 Million Common Equity Offering
NEW YORK, August 15, 2008 – Seabury Capital LLC’s broker-dealer unit, Seabury Securities LLC, served as financial advisor to US Airways Group, Inc. with respect to its public offering of 21,850,000 shares of common stock (inclusive of an over-allotment of 2,850,000 shares) at an offering price of $8.50 per share for net proceeds of $179 million, after the underwriting discount and estimated offering expenses.
About Seabury
Seabury Securities LLC is the broker-dealer subsidiary of Seabury Aviation & Aerospace LLC which is the principal unit of the Seabury Capital LLC (“Seabury”). Seabury is the leading independent investment banking and advisory group serving aviation, aerospace, and cargo on a global basis. That group’s practices span investment banking, corporate transformation, and management consulting. Seabury Capital was awarded Airfinance Journal’s “North American Deal of the Year” for the equity rights offering the firm structured and placed for Northwest Airlines in 2007. With more than 150 professionals dedicated to aviation and aerospace, Seabury has now advised over 200 clients worldwide in over 450 engagements spanning Africa, Australia, Asia, Europe, the Middle East, and the United States.