The company issued $1,000,000,000 principal amount of 4.875% Senior Notes due 2029 in a public offering on February 6, 2026, and the notes are guaranteed by its wholly owned subsidiary, United Airlines, Inc.

1. 01

   The company issued $1,000,000,000 principal amount of 4.875% Senior Notes due 2029 in a public offering on February 6, 2026, and the notes are guaranteed by its wholly owned subsidiary, United Airlines, Inc.

2. 02

   The company said the Notes mature on March 1, 2029 and bear interest at 4.875% per year, payable semi-annually on March 1 and September 1, with the first interest payment on September 1, 2026.

3. 03

   The company said it may redeem the Notes before December 1, 2028 at the greater of the principal amount plus any make-whole amount, or 100% of principal, plus accrued and unpaid interest. On or after that date, it may redeem them at 100% of principal, plus accrued and unpaid interest. Upon a Change of Control Triggering Event, holders may require repurchase at 101% of principal, plus accrued and unpaid interest, unless a third party makes a Change of Control Offer or the company has exercised its redemption right.

4. 04

   The company said the Indenture contains covenants that restrict its ability to incur liens securing borrowed money or capital leases and to engage in mergers and consolidations or transfer all or substantially all of its assets, subject to exceptions. It added that the Notes may be accelerated upon customary events of default.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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