UAL to issue additional common stock
04-21-2020 | 01:12 PM
#1
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Gets Weekends Off
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UAL to issue additional common stock
CHICAGO, April 21, 2020 /PRNewswire/ -- United Airlines Holdings, Inc. (NASDAQ:UAL) today announced an underwritten public offering of 39,250,000 shares of its common stock, subject to market conditions and other factors. Morgan Stanley and Barclays are acting as the underwriters of the offering. The Company has also granted to the underwriters a 30-day option to purchase up to 3,925,000 additional shares. The proceeds from the offering will be used for general corporate purposes.
United Airlines to issue an additional 39,250,000 shares of common stock in a bid to raise more capital.
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04-21-2020 | 01:23 PM
#4
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At this point, it’s almost comical and all we can do is laugh. Raising a billion after blowing 8 at double or triple the current prices. An APU turned on 10 minutes early is irrelevant, for all of us, every day, every single flight, for the rest of our careers.
04-21-2020 | 01:51 PM
#6
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From: B-737 Captain
If UAL takes the second tranche of government assistance ....the 4.5B in loans, then the USA will have warrants to own 7.6% of UAL according to the Financial Times. About 20M shares by my math. So this is interesting. Diluting the shareholder value, including the federal government's, by about 15%? (~40M new shares added to 260M outstanding). It looks like those buybacks aren't aging well. 
04-21-2020 | 02:24 PM
#7
Gets Weekends Off
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It’s always been irrelevant to me, there’s no monetary reason we can’t all be comfortable.
04-21-2020 | 04:20 PM
#8
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I’m going to use that.
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