United Deal With Trustees Questioned

Shields, Yvette
October 2004
Bond Buyer;10/18/2004, Vol. 350 Issue 31991, p1
Trade Publication
Reports that lawyers for the city of Chicago, Illinois raised reservations over the settlement agreement of bankrupt United Airlines Inc. with trustees who represent holders of the airline's special facilities revenue bonds at O'Hare International Airport. Impact of the settlement agreement on the city's rights; Forgiveness of the United's outstanding debt; Convertible bonds to be issued by the airlines to some bondholders upon its emergence from Chapter 11 bankruptcy.


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