June 23, 2020 / 1:56 PM / 14 days ago

United Airlines expects to raise $3 billion in debt offering

FILE PHOTO: A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File Photo

(Reuters) - United Airlines (UAL.O) said on Tuesday it plans to raise $3 billion in debt by issuing senior notes, as U.S. airlines beef up liquidity in the wake of the COVID-19 pandemic.

The senior secured notes are due 2027, the company said.

Reporting by Sanjana Shivdas in Bengaluru; Editing by Arun Koyyur

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