United Airlines has secured an additional $5 billion in a transaction backed against its MileagePlus loyalty programme, which when added to its previously announced credit facilities and CARES Act cash, brings its expected liquidity for the end of Q3 to  $17 billion. The breaks down to an undrawn $2 billion revolving credit facility, $5 billion of committed financing to be secured by MileagePlus, as well as $4.5 billion expected to be available to United via CARES, according to a Securities and Exchange Commission filing today. United’s wholly-own subsidiaries, Mileage Plus Holdings (MPU) and Mileage Plus Intellectual Property Assets (MIPA), have taken on Goldman Sachs

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