United Airlines plans to issue an aircraft lease securitization for over $1 billion that will be secured by 15 new Boeing aircraft and 12 new Embraer aircraft scheduled for delivery from November 2014 to July 2015, according to a deal prospectus.
The lead bookrunners on the deal are Credit Suisse and Morgan Stanley.
The capital structure will offer $823 million of class A notes, due Sept. 2026 and $238.4 million of class B notes due Sept 2022. The deal prospectus did not indicate what the notes will be rated.
