by bondevalue | Apr 16, 2021 | High Yield Bonds
United Airlines raised $4bn via a two-trancher: $2bn via a 5Y bond at a yield of 4.375%, ~30bp inside initial guidance of 4.625%-4.75% $2bn via a 8Y bond at a yield of 4.625%, ~31.25bp inside initial guidance of 4.875%-5% The bonds have expected ratings of Ba1/BB-....
by bondevalue | Apr 13, 2021 | High Yield Bonds
United Airlines announced it will raise $9bn through a combination of loans and bonds. Part of the borrowing will go towards paying-off $520mn that the airline borrowed from the federal government program last year as airlines suffered due to the pandemic. Proceeds...
by bondevalue | Mar 30, 2021 | Credit Ratings, High Yield Bonds
Fitch downgraded American carrier United Airlines to B+ from BB- and revised the outlook to stable. The rating action primarily focused on the slow pace of air traffic recovery and balance sheet pressure. While passenger traffic has improved on peak days, Fitch...
