SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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)
(Exact name of registrant as specified in its charter)
Registrant's telephone number, including area code (847) 700-4000
(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
Press Release issued November 5, 2002 (incorporated by reference in this
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.
|/s/ Francesca M. Maher|
|Francesca M. Maher|
|Senior Vice President,|
|General Counsel and Secretary|
Dated: November 5, 2002
UNITED News Release
Media Relations Office: 847.700.5538
Jeff Green: 847.700.4206
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.