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Originally Posted by gettinbumped
(Post 1397882)
Well the first quarter sure started off with a bang!
-- During the first quarter, United replaced its $1.2 billion term loan due 2014 with a new $900 million term loan due 2019, and reduced the principal balance by $300 million in the process. Simultaneously, United entered into a new $1.0 billion revolving credit facility due 2018 that replaced the company's $500 million undrawn revolving credit facility due 2015, bolstering the company's unrestricted liquidity position. -- The company pre-paid $400 million of its 9.875 percent Senior Secured Notes and $200 million of its 12.0 percent Senior Second Lien Notes during the first quarter. United Continental Holdings, Inc. - Investor Relations - News |
1 Attachment(s)
Originally Posted by Captain Bligh
(Post 1251188)
Actually the term "Gummer" is a throw back to the age 60 retirement days, when there was a "special unit" of the training department that did all of the test flying and no-revenue repositioning flights, where a maintenance issue(s) precluded the use of the aircraft for service. They did all of the ferry permit flights, engine inop takeoffs, re-rig return to service flights etc...
Tightly held, "Gummers" were hand chosen, older than age 60 guys, that got a full line of time pay (as a consultant...most had taken their lump sums) for being available at the drop of a hat to go fetch broken planes and the like. To make it into the "Gummer Squadron" you had to "know somebody". |
Replying to a 7 year old post on a thread where you already have the majority of the comments... NICE!
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Originally Posted by DoubtingThomas
(Post 2919661)
Replying to a 7 year old post on a thread where you already have the majority of the comments... NICE!
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7.5 yrs...
For The WIN! |
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