United Airlines extends borrowing capacity by over $1bn

United Airlines has extended the borrowing capacity of its revolving credit facility (of up to $2.865bn) by $1.115bn. This may be drawn upon by United until February 15 2029 (in the case of revolving loans made by the extending lenders) and April 21 2025 (for the revolving loans made by the 2024 non-extending lenders). These commitments total $2.7bn and $165 million respectively. As of February 22, the term loans under the existing term loan facility had an outstanding principal amount of $3.87bn. United used $1.37bn of available cash to partially prepay these, borrowing the entire term loan commitment under the