United Airlines Announces Launch of Senior Secured Notes Offering

[StaySeated]

Wow their balance sheet is downright scary.

They just had a $175MM offering four months ago. The only way they could sell those notes was offer them at a discount and at a rate of almost 13% interest.

Now they are borrowing another 1/2 billion? Who in the world would get in the long line of unsecured creditors at this point?

Their unencumbered assets have gone from $3 Billion to $1.1 Billion, in less than 12 months.

 

[satpak77]

Wall Street likes it, stock is at new highs for the last 52 weeks

 

[densoo]

They must be taking advice from the unions which advises members to extend all credit lines to the max just before a strike because once the strike begins there will no credit extended to you, unemployed.

 

[whymeworry?]

Indeed. At this rate UAL will be almost as leveraged as CAL or JetBlue (for two quick examples) in another couple years.

Do you research. CAL is nowhere near the toxic levels of leverage of UAL (or DAL/NWA and AA for that matter).

 

[whymeworry?]

Indeed. At this rate UAL will be almost as leveraged as CAL or JetBlue (for two quick examples) in another couple years.

Do your research. CAL is nowhere near the toxic levels of leverage of UAL (or DAL/NWA and AA for that matter).

 

[whymeworry?]

Indeed. At this rate UAL will be almost as leveraged as CAL or JetBlue (for two quick examples) in another couple years.

Do your research. CAL is nowhere near the toxic levels of leverage of UAL (or DAL/NWA and AA for that matter).

 

[whymeworry?]

Indeed. At this rate UAL will be almost as leveraged as CAL or JetBlue (for two quick examples) in another couple years.

Do your research. CAL is nowhere near the toxic levels of leverage of UAL (or DAL/NWA and AA for that matter).

 

[whymeworry?]

Indeed. At this rate UAL will be almost as leveraged as CAL or JetBlue (for two quick examples) in another couple years.

Do your research. CAL is nowhere near the toxic levels of leverage of UAL (or DAL/NWA and AA for that matter).

 

[FLYLOW22]

It's gonna take a while to do all that research...

 

[chppr5]

All you financial wizards make me laugh. Why are you flying for a living?????