UAL Corp. (UAUA) to Raise $275M in Cash Before Year-End
More News related to UAUA
- United Airlines Appoints Vice Presidents for Safety, Maintenance
- Beacon Equity Issues Technical Trade Alerts on Major Airline Stocks: DAL, AMR, CAL, UAUA, TAM, JBLU
- BenchmarkJournal.com (Complimentary) Analyst Review for Q, AAPL and UAUA
- Goldman Getting Less Bearish on Airlines; Raises PTs Across the Board (CAL, LUV, DAL, more)
- United Announces New Shared Rewards Opportunities for Employees
More News related to Corporate News
- ARGUS Downgrades Smith International (SII) to Hold
- Cantor Fitzgerald Downgrades Audiocodes (AUDC) to Hold After Negative 4Q Preannouncement
- MDB Capital Downgrades Ener1 (HEV) to Sell, Suspends Earnings Model and Valuation on Stock No Longer Justified
- DA Davidson Downgrades Ambassadors Group (EPAX) to Neutral
- SunTrust Downgrades Ruby Tuesday, Inc. (RT) to Neutral
UAL Corporation (Nasdaq: UAUA) today announced financing transactions that will add approximately $275 million of cash prior to year end.
The company has completed a $125 million aircraft financing agreement, receiving approximately $60 million yesterday, and will receive the remaining approximately $65 million by mid October.
United has also executed agreements and agreements in principle to sell certain assets for approximately $140 million. The company received approximately $30 million from these assets in Q3 and expects to receive approximately $110 million in Q4. In addition, United intends to substitute certain cash collateral with a letter of credit, generating $10 million in net incremental cash in its Q4.
UAL Corporation offers air transportation services.
Related Categories
Corporate NewsStocks Mentioned
+0.71Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
