Continental Airlines, Inc. (NYSE:CAL) has announced the pricing of its public offering of $200 million in aggregate principal amount of its 4.5% convertible notes due 2015. Underwriters were granted a thirty day option to purchase up to $30 million aggregate principal amount of the notes. Net proceeds will be used for general corporate purposes.
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Continental Airlines, Inc. is engaged in the business of transporting passengers, cargo, and mail. The company flew to 120 domestic and 121 international destinations as of December 31, 2008. It also served 10 Canadian cities, 25 European cities, seven south American Cities and six Asian Cities from the United States.
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