United Airlines Holdings, Inc. · NASDAQ:UAL
United Airlines — IPO Roadshow (May 2018)
10 slides from United Airlines's IPO roadshow presentation, May 9, 2018
Slide 1: United Airlines Series 2018-1B EETC Investor Presentation
United Airlines Series 2018-1B EETC Investor Presentation May 9, 2018 Issuer Free Writing Prospectus Filed pursuant to Rule 433(d) Registration No. 333-221865-01 Dated: May 9, 2018
Slide 2: Forward-looking statements
Certain statements included in this presentation are forward-looking and thus reflect our current expectations and beliefs with respect to certain current and future events and anticipated financial and operating performance. Such forward-looking statements are and will be subject to many risks and
Slide 3: Registration statement and prospectus notice
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete informati
Slide 4: United intends to raise $225,729,000 through Pass Through Certificates, Series 2018-1B
United Airlines, Inc. (“United” or “UAL”) intends to raise $225,729,000 through the offering of Pass Through Certificates, Series 2018-1B (the “Certificates”) United previously issued $677,175,000 and $257,965,000 aggregate face amount of Pass Through Certificates, Series 2018-1 Class AA and Class A
Slide 5: Certificate ratings, LTV and maturity summary
1 Actual ratings included for existing Certificates, and expected ratings included for Class B Certificates 2 Unless otherwise noted, information for the Class AA and A Certificates provided as of February 14, 2018, which was the date of issuance of the Class AA and Class A Certificates 3 Initial LT
Slide 6: One class of certificates offered; structural features
One Class of Certificates Offered Class B Certificates will benefit from a liquidity facility covering three consecutive semi-annual interest payments Waterfall (Same as senior debt in UAL 2018-1 EETC) Same waterfall both before and after an event of default Interest on Preferred Pool Balance of the
Slide 7: Aircraft collateral summary and appraisals
United has previously obtained base value desktop appraisals from three appraisers (AISI, BK and mba) Aggregate aircraft appraised value of approximately $1,612 million(1) Appraisals available in the Preliminary Prospectus Supplement Appraisals indicate a minimum collateral cushion of 26.9% on the C
Slide 8: Liquid, high quality aircraft collateral
Liquid, high quality aircraft collateral United can operate the Boeing 737-800 and Boeing 777-300ER aircraft at the highest MTOW - enhances mission capability, versatility and liquidity value Split scimitar winglets on United’s Boeing 737-800 and advanced technology winglets on United’s Boeing 737 M
Slide 9: The aircraft collateral
The aircraft collateral Note: Information provided by United Airlines Primary color – use for text and bullets R 0 G 34 B 68 R 0 G 34 B 68 R 127 G 127 B 127 R 237 G 183 B 43 R 98 G 168 B 227 R 87 G 44 B 95 R 0 G 34 B 68 R 0 G 89 B 179 R 205 G 32 B 44 R 237 G 183 B 43 R 98 G 169 B 227 R 68 G 1136 B 6
Slide 10: Series 2016-1B EETC
Series 2016-1B EETC Investor Presentation October [23], 2017