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United Airlines plans to price $300 million seven-year bullet notes in Friday drive-by
By Paul A. Harris
Portland, Ore., Nov. 1 - United Continental Holdings, Inc., the owner of United Airlines Inc., plans to price a $300 million offering of non-callable seven-year senor notes (expected ratings B2/B) in a quick-to-market Friday transaction, according to an informed source.
Morgan Stanley & Co. and Credit Suisse Securities (USA) LLC are the joint bookrunners for the public offering.
The notes feature a make-whole provision at Treasuries plus 50 basis points.
The Chicago-based air carrier plans to use the proceeds for general corporate purposes.
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