TITLE

Deal May Free United Funds for Debt Service

AUTHOR(S)
Shields, Yvette
PUB. DATE
September 2003
SOURCE
Bond Buyer;9/2/2003, Vol. 345 Issue 31710, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the agreement reached between bankrupt United Airlines Inc. and the trustees on two of its special facilities bond issue that would release around $36 million in construction funds to cover its due debt service payments. Unsecured status of bonds; Refusal of United to negotiate the release of construction funds with trustees of other bond issues in the past; Re-characterization of its lease agreements sought by airline to eliminate its obligation to repay the bonds.
ACCESSION #
10740359

 

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