UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Registrant | Title of each class | Trading Symbol |
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United Airlines Holdings, Inc. | ||||||
United Airlines Holdings, Inc. | None | |||||
United Airlines, Inc. | None | None | None |
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Item 1.02 | Termination of a Material Definitive Agreement. |
On July 2, 2020, Mileage Plus Holdings, LLC (“MPH”), a direct wholly owned subsidiary of United Airlines, Inc. (“United”), Mileage Plus Intellectual Property Assets, Ltd., an indirect wholly owned subsidiary of MPH (“MIPA” and, together with MPH, the “Issuers”), each subsidiary of MPH, United, United’s parent company, United Airlines Holdings, Inc. (“UAL”), and certain subsidiaries of UAL entered into a credit agreement with Goldman Sachs Bank USA, as administrative agent, the lenders party thereto, the lead arrangers named therein and Wilmington Trust, National Association, as collateral administrator, which provided for a term loan facility in an aggregate principal amount of up to $3.0 billion (the “Term Loan Facility”). On July 2, 2020, the Issuers borrowed $3.0 billion in aggregate principal amount under the Term Loan Facility, the proceeds of which MIPA and MPH lent to United, after depositing a portion of such proceeds in a reserve account to cover future interest payments.
On July 2, 2024, the Issuers voluntarily prepaid in full the outstanding principal balance of the Term Loan Facility, which was $1.8 billion, and all accrued and unpaid interest and fees under the Term Loan Facility and terminated all commitments thereunder.
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.
UNITED AIRLINES HOLDINGS, INC. UNITED AIRLINES, INC. |
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By: | /s/ Michael Leskinen | |
Name: | Michael Leskinen | |
Title: | Executive Vice President and Chief Financial Officer | |
Date: July 2, 2024 |