During the first quarter of 2013, United has refinanced its $1.2 billion term loan that matures in 2014 with a new $900 million term loan due 2019, and reduced the principal balance by $300 million in the process. JP Morgan was joined by Bank of America Merrill Lynch, Barclays, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley and Credit Agricole for the $900,000,000 Term Loan B.   The issuer is rated B/B2, while the term loan is rated BB-/Ba2, with a 1 recovery rating from S&P.  Simultaneously, United entered into a new $1 billion five-year revolving credit facility

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