United Airlines
US-based airline
Key facts
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| Legal Name | United Airlines, Inc. |
|---|---|
| Company Operating Status | Active |
| Legal Entity Identifier | K1OQBWM7XEOO08LDNP29 |
| Short Name | UA |
| Stock Symbol | UAUA |
| Wellfound ID | united-airlines |
| Wikidata ID | Q174769 |
Covenant analysis
| Covenant | Term | vs market | Source |
|---|---|---|---|
| Total Collateral Coverage Ratio (Condition to Incremental Loans) ยท Financial Maintenance | Minimum 1.0x; Collateral Coverage Ratio minimum 2.0x for incremental Priority Lien Debt | loose 1x vs coverage median 1.7x (n=40) | source โ |
| Liens on Collateral ยท Negative Covenant | No Liens on Collateral except Permitted Liens | source โ | |
| Business Activities ยท Negative Covenant | Permitted Businesses only | source โ | |
| Restricted Payments โ General Basket ยท Restricted Payments | $1.0 billion aggregate since the Second Amendment Effective Date | loose $1bn vs basket median $300m (n=49) | source โ |
| Restricted Payments โ Liquidity-Based Basket ยท Restricted Payments | Permitted if Liquidity at least $2,200,000,000 before and after giving effect | loose $2.2e+09bn vs basket median $300m (n=49) | source โ |
| Minimum Liquidity ยท Financial Maintenance | $2,000,000,000 | market $2bn vs financial maintenance median $2bn (n=6) | source โ |
| Repricing Premium ยท Prepayment Premium | 1.00% of aggregate principal amount of Class B Term Loans subject to a Repricing Event occurring within first 6 months after Second Amendment Effective Date | market 1% vs prepayment premium median 1% (n=12) | source โ |
Contact details
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