The latest update is out from United Airlines Holdings (UAL).
On July 2, 2020, United Airlines secured a $3.0 billion term loan through a subsidiary structure, with Goldman Sachs as the administrative agent. The loan, intended to bolster United’s finances, saw immediate deployment partly into a reserve for interest payments, with the remainder lent to United. Fast-forward to July 2, 2024, the company preemptively repaid the outstanding $1.8 billion balance, settling all interest and fees, and concluded its commitments under this financial arrangement.
For an in-depth examination of UAL stock, go to TipRanks’ Stock Analysis page.
