Hawaiian Airlines offering $261.99 million trust certificates

By Wendy Van Sickle

Columbus, Ohio, July 28 – Hawaiian Airlines, Inc., a wholly owned subsidiary of Hawaiian Holdings, Inc., launched an offering of enhanced equipment trust certificates, which will be used to obtain financing secured by eight Airbus aircraft, according to a news release on Tuesday.

The Rule 144A and Regulation S offering comprises $216,976,000 of class A certificates and $45.01 million 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.

Hawaiian Holdings will fully and unconditionally guarantee the payment obligations of the company under the equipment notes.

The airline is based in Honolulu.

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