Beverly Hills 12/31/2009 4:44:02 AM
News / Business

United Airlines Plans $500 Million Offering in Notes

Finance World News Update by EQUITIES Magazine

United Airlines, owned by UAL Corp., is planning to offer $500 million in notes. The company said net proceeds would be for general corporate purposes.

 

UAL has offered billions in notes and securities since September and recently announced plans to buy new planes.

 

Unveiled today, the offer will be for three0year senior secured notes guaranteed by UAL and secured by certain United routes, airport gate leaseholds and takeoff and landing slots.

 

UAL shares were up 0.6% at $12.74 in recent trading

 

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Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

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