United Airlines Prices EETC Deal

Published August 02, 2013, 10:34 a.m. EDT

|

Updated August 02, 2013, 1:25 p.m. EDT

1 Min Read

United Airlines priced its $929.4 million aircraft EETC deal, according to a Securities and Exchange Comission filing.The $720.3 million class A notes priced at a spread of 40 basis points over Treasuries. The $209.1 million class B notes priced at 50 basis points over Treasuries.Credit Suisse, Morgan Stanley, Deutsche Bank Securities, Goldman Sachs, Citigroup, Credit Agricole Securities, and Natixis underwrote the transaction.The funds from the sale will be used to purchased 21 new Boeing aircrafts scheduled for delivery from October 2013 to June 2014.The certificates have been rated 'A' and 'BB+', respectively, by Fitch Ratings.

For reprint and licensing requests for this article, click here.

TRENDING

Treasurys

Fed data suggest Japan sold U.S. debt amid intervention

Any decline in Japan's Treasury stockpile may put further upward pressure on U.S. yields, which are already being driven higher by surging oil prices and concern the Iran war will widen America's fiscal deficit.

6h ago
Employment data

Economy added 115,000 jobs in April despite mixed signals

Employers hired an additional 115,000 workers in April, while unemployment remained unchanged at 4.3%. Despite the positive headline figure, a spike in newly unemployed workers and a rising number of underemployed workers suggests instability under the surface.

By Ebrima Santos Sanneh

7h ago
Esoteric ABS

Affirm prepares to raise $548.9 million from consumer loans

The deal features a principal acceleration trigger. If breached, the transaction will divert all additional funds to paying down the principal on the notes.

By Donna M. Mitchell

May 7

Load More

MORE FROM ASSET SECURITIZATION REPORT

Employment data

Economy added 115,000 jobs in April despite mixed signals

Employers hired an additional 115,000 workers in April, while unemployment remained unchanged at 4.3%. Despite the positive headline figure, a spike in newly unemployed workers and a rising number of underemployed workers suggests instability under the surface.

By Ebrima Santos Sanneh
Reporter

7h ago
Esoteric ABS

Affirm prepares to raise $548.9 million from consumer loans

The deal features a principal acceleration trigger. If breached, the transaction will divert all additional funds to paying down the principal on the notes.

By Donna M. Mitchell
Editor

May 7
Nonbank

Treasury meets with life insurers to discuss private credit

The Treasury Department held a high-stakes huddle with state insurance officials to discuss risks associated with the rapid growth of private credit in the economy and whether those investments could pose systemic vulnerabilities.

By Kate Berry
Reporter

May 7
Subprime lending

Westlake Automobile's latest ABS raises $1.4 billion

The transaction comes to market with initial hard credit enhancement levels of 33.60%, 22.90%, 13.50% and 8.65% across the subordinate tranches, higher than the previous deal.

By Donna M. Mitchell
Editor

May 7
Mortgage rates

Mortgage rates rise, but there are signs of moderation ahead

The 30-year fixed spiked earlier in the week, but fell as Middle East news helped to drive the 10-year Treasury yield lower by 9 basis points by Wednesday.

By Brad Finkelstein
Originations Editor

May 7
Real estate investments

Iran conflict sours real estate investor sentiment to 3-year low

The percentage of investors who view the market as better than it was a year ago fell to 36% from 45% in the winter, according to a spring survey.

By Colin McNamara
Reporter

May 6

Load More