TITLE

United Sends Settlement Offer to Court

AUTHOR(S)
Shields, Yvette
PUB. DATE
December 2004
SOURCE
Bond Buyer;12/30/2004, Vol. 350 Issue 32040, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that United Airlines Inc. presented to the federal bankruptcy court a final settlement agreement with a majority of investors who hold the airline's $600 million of special facilities revenue bonds for projects at O'Hare International Airport. The four trustees who represent bondholders will immediately begin notifying investors of the final terms of the settlement. The agreement is a revised version of a controversial settlement that was rejected after several groups of investors joined together to challenge it. Lawyers who represent the four trustee have said a majority in all but one of the seven series that makeup the O'Hare debt have agreed to the settlement.
ACCESSION #
15509728

 

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