United Airlines Raises $929 Million in Bonds Backed by Aircraft
Stock Chart for United Continental Holdings Inc (UAL)
United Continental Holdings Inc. (UAL) sold $929 million of bonds backed by aircraft in a two-part sale.
The company’s United Airlines unit raised $720 million of 4.3 percent Class A certificates maturing in 2025 and $209 million of 5.375 percent Class B notes due 2021, according data compiled by Bloomberg. The bonds are backed by 21 new passenger planes, including three Boeing Co. 787 Dreamliners, according to a company filing.
The world’s largest carrier sold $844 million of debt backed by planes in a two-part sale by its Continental unit in September, Bloomberg data show. The Chicago-based company’s $712 million of 4 percent Class A certificates due 2024 traded at 99.75 cents on the dollar to yield 4.03 percent on July 26, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority.
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