ATLANTA - US Airways Group Inc said on Monday it received about $137.3 million in net proceeds from its share sale, after deducting fees and estimated costs.
The Tempe, Arizona, carrier issued more than 29 million common shares in the offering. Citigroup, the offering's underwriter, exercised its over-allotment option to buy an additional 2.7 million shares, the airline said.
The proceeds will be used for general corporate purposes, the company said.
The closing of the offering was announced after the bell on Monday. US Airways shares fell 2 cents to $4.94 on the New York Stock Exchange. (Reporting by Karen Jacobs; editing by Andre Grenon)