Moody's Applauds United's Move To Pay Down Debt
Moody's Investors Service endorsed a move by United parent UAL to redeem its 6 3/8% convertible subordinated debentures, and it predicted other U.S. airlines may follow suit with their debt. The action will eliminate $596 million in long-term United debt, reducing its interest expense by $38 million...
Subscription Required
This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.
Related Content
