United Airlines Holdings (UAL) has released an update.
United Airlines Holdings, Inc. and its subsidiary have revamped their financial strategy with an updated Revolving Credit Facility, enhancing their borrowing capacity by $1.115 billion to a total of $2.865 billion, with access until February 2029 for certain lenders. This move complements their proactive financial management, as evidenced by a partial prepayment of $1.37 billion towards their existing term loans, followed by a new borrowing of $2.5 billion to settle the remaining balance. These strategic financial decisions, backed by significant collateral including route authorities and airport slots, demonstrate United’s commitment to maintaining a robust financial framework while navigating the dynamic aviation industry.
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