United Airlines to offer $2.25 billion bonds in private deal
United Airlines Holdings Inc said it plans to raise $2.25 billion through a bond offering as it grapples with a slump in air travel demand due to government-mandated lockdowns across the world, Trend reports with reference to Reuters.
The No. 3 U.S. airline said it would offer the bonds in two tranches that will mature in 2023 and 2025 respectively.
The net proceeds from the offering will be used to repay a $2 billion term loan and for general corporate purposes.