Summary by Moomoo AI
On February 15, 2024, United Airlines Holdings, Inc. (UAL) and its subsidiary United Airlines, Inc. (United) entered into an Amended and Restated Revolving Credit and Guaranty Agreement, enhancing their financial flexibility by increasing their borrowing capacity by $1.115 billion to a total of $2.865 billion. This Revolving Credit Facility, which includes commitments from various lenders and is administered by JPMorgan Chase Bank, N.A., allows United to draw funds until February 15, 2029, with certain lenders extending the commitment and others not. Additionally, on February 22, 2024, United prepaid $1.37 billion of its existing term loans using available cash and borrowed $2.5 billion under a new Term Loan Facility to fully repay the remaining balance. The new Term Loan Facility, also managed by JPMorgan Chase Bank, N.A., has a...Show More