TITLE

United Bondholders Get Ready to Weigh Newly Revised Settlement

AUTHOR(S)
Shields, Yvette
PUB. DATE
January 2005
SOURCE
Bond Buyer;1/5/2005, Vol. 351 Issue 32043, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that investors who hold $600 million of special facilities revenue bonds sold for bankrupt United Airlines Inc. to fund projects at Chicago's O'Hare International Airport will begin receiving notices this week of the revised settlement struck between their bond trustees and the airline. United and lawyers who represent the trustees and major holders fine-tuned the settlement throughout the day of December 29 before presenting a final copy to U.S. Bankruptcy Court Judge Eugene Wedoff. The agreement is a revised version of a controversial settlement presented to the court in October but was killed last month by investor groups.
ACCESSION #
15558898

 

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