13 January 2014
United Continental Holdings, Inc. (NYSE: UAL) said it is notifying holders of the USD155,640,000 outstanding principal amount of its 4.50 percent Senior Ltd.-Subordination convertible notes due 2021 that it has elected to make an optional redemption of all of the outstanding notes on Feb. 10, 2014.
On the redemption date, United Continental Holdings will redeem the entire outstanding principal amount of the notes, at a price in cash equal to 100 percent of the principal amount of such notes, plus accrued and unpaid interest.
The notes are convertible into shares of the company´s common stock.
United Airlines and United Express operate an average of more than 5,300 flights a day to more than 360 airports across six continents. For more information, visit united.com