SECURITIES AND EXCHANGE COMMISSION

Washington, DC  20549
 
 

FORM 8-K

CURRENT REPORT
 
 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934
 
 

Date of Report:  November 5, 2002

(Date of earliest event reported)
 
 

UAL CORPORATION

(Exact name of registrant as specified in its charter)

 
 

Delaware	1-6033	36-2675207
(State or other jurisdiction of incorporation)	(Commission  File Number)	(I.R.S. Employer   Identification No.)

 
 
 

1200 Algonquin Road, Elk Grove Township, Illinois	60007
(Address of principal executive offices)	(Zip Code)

 

Registrant's telephone number, including area code (847) 700-4000

 

Not Applicable

(Former name or former address, if changed since last report)

ITEM 5.  OTHER EVENTS AND REGULATION FD DISCLOSURE

UAL Corporation (the "Company") is filing herewith a press release concerning an agreement in principle regarding the restructuring of certain debt obligations of the Company.
 
 

ITEM 7.            FINANCIAL STATEMENTS AND EXHIBITS.

Exhibit No.          Description

       99.1             Press Release issued November 5, 2002 (incorporated by reference in this Form 8-K)
 
 

SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
  

 
 
 

Dated:  November 5, 2002

UNITED                                                              News Release
 
 

Worldwide Communications:

Media Relations Office:  847.700.5538
Evenings/Weekends:  847.700.4088
Jeff Green: 847.700.4206

  UNITED AND GERMAN BANK KfW

AGREE TO RESTRUCTURE DEBT

For Immediate Release

CHICAGO, Nov. 5, 2002 - United Airlines (NYSE: UAL) announced today that it has reached an agreement in principle with Kreditanstalt für Wiederaufbau (KfW) to restructure approximately $500 million in debt obligations due in November and December of 2002.  The resulting restructured obligation will have a final maturity in 2007.  All terms and conditions of this restructuring are subject to definitive documentation which United and KfW intend to conclude promptly.

"We appreciate this significant show of confidence in United's future by KfW," said Glenn Tilton, United's chairman, president and chief executive officer.  "This is a welcome development in our continuing efforts to achieve an out-of-court financial recovery."

United operates nearly 1,800 flights a day on a route network that spans the globe.  News releases and other information about United may be found at the company's website at www.united.com.