United Airlines Holdings (UAL) has successfully completed a $1 billion public offering of 4.875% Senior Notes due March 1, 2029. These notes are guaranteed by its subsidiary, United Airlines, Inc., and feature customary restrictive covenants and early redemption options. Spark, TipRanks’ AI Analyst, rates UAL as Neutral, citing improved financial performance and constructive guidance alongside concerns about leverage and softer free cash flow conversion.
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United Airlines Completes $1 Billion Senior Notes Offering
United Airlines Holdings (UAL) has successfully completed a $1 billion public offering of 4.875% Senior Notes due March 1, 2029. These notes are guaranteed by its subsidiary, United Airlines, Inc., and feature customary restrictive covenants and early redemption options. Spark, TipRanks’ AI Analyst, rates UAL as Neutral, citing improved financial performance and constructive guidance alongside concerns about leverage and softer free cash flow conversion.