United’s 17% Yield on Notes Shows ‘Desperation"

[UAL_TECH]

United’s 17% Yield on Notes Shows ‘Desperation,’

The $175 million of three-year, 12.75 percent debt priced at 90.07 cents on the dollar, according to data compiled by Bloomberg. The outlook for UAL Corp.’s United and the bonds is negative, King wrote.

 

[chucky]

NY Post Article



Not good news at all...wonder if this will put a UA/CO merger in motion. :unsure:

 

[luvthe9]

Gerald Greenwald, the former UAL CEO was on CNBC this morning and was asked about reports of UAL borrowing money at over 17%. He said he was no longer privy to inside information on UAL, but that if that report was correct and he had heard the same thing, that UAL's days are numbered and are short. They are also trying to sell junk bonds but are having no success.

 

[gatemech]

Lets continue bonuses. Tilton need more money to retire on after he is
finished destroying UAL. Why is that guy still running things.

HE NEEDS TO GO ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

 

[UAL_TECH]

Gerald Greenwald, the former UAL CEO was on CNBC this morning and was asked about reports of UAL borrowing money at over 17%. He said he was no longer privy to inside information on UAL, but that if that report was correct and he had heard the same thing, that UAL's days are numbered and are short. They are also trying to sell junk bonds but are having no success.

Link Please.
B) xUT