L.A., San Francisco United Bond Trustees Seek Secured Status

Shields, Yvette
June 2004
Bond Buyer;6/21/2004, Vol. 348 Issue 31909, p4
Trade Publication
Reports that the trustees of United Airlines' special facilities revenue bonds at airports in Los Angeles and San Francisco, California have asked the bankruptcy court in Chicago, Illinois to award their bonds the preferential status of a secured credit of the airline based on a leasehold mortgage on the facilities that complies with state law. Complaints by HSBC Bank USA which is representing San Francisco bondholders and by U.S. Bank NA which is representing Los Angeles bondholders.


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