United Airlines Prices EETC Deal

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

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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.

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