United Airlines to offer $600 million pass-through trust certificates

Chicago, Jan. 25 – United Airlines Inc. plans to sell $600 million of series 2020-1 class B pass-through enhanced equipment trust certificates (Baa2/BBB-) with a final distribution date on Jan. 15, 2026, according to a 424B3 filing with the Securities and Exchange Commission.

The certificates will have a make-whole premium if they are redeemed early.

Lead bookrunners for the offering are Goldman Sachs & Co. LLC (structuring agent), Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC.

BofA Securities, Inc., Barclays, Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, BBVA Securities Inc., BNP Paribas Securities Corp., Credit Agricole Securities (USA) Inc., Standard Chartered Bank and Wells Fargo Securities, LLC are bookrunners.

Proceeds will be used to acquire series B equipment notes.

United Airlines is a commercial air carrier based in Chicago.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.