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Published on 5/9/2018 in the Prospect News Investment Grade Daily.

United Airlines intends to price $225.73 million 2018-1 pass-throughs

By Devika Patel

Knoxville, Tenn., May 9 – United Airlines Inc. plans to sell $225.73 million of series 2018-1 pass-through certificates due March 1, 2026 (//BBB) and 2018-1 pass through trusts, according to a 424B3 filing with the Securities and Exchange Commission.

The certificates may be redeemed in whole with a make-whole premium.

Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc. and Goldman Sachs & Co. are the lead bookrunners.

Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, Barclays, BofA Merrill Lynch, BNP Paribas Securities Corp., Credit Agricole Securities, J.P. Morgan Securities LLC, Standard Chartered Bank and Wells Fargo Securities LLC are also bookrunners.

Proceeds will be used to acquire equipment notes.

The airline is based in Chicago.


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