United Continental's $570 million 4.5% convertibles were put in June

By Toni Weeks

San Diego, July 21 - United Continental Holdings, Inc. said that during the second quarter it repaid $570 million of its 4.5% convertible notes that were put to the company in June.

According to its second-quarter 2011 earnings report, the company made scheduled debt and net capital lease payments of a total of $1 billion in the second quarter, which included the payments for the convertibles. Year-to-date debt and capital lease payments total $1.8 billion, which includes $300 million of prepayments.

United Continental is a Chicago-based holding company for United Airlines and Continental Airlines, which merged on Oct. 1, 2010.

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