---
schema_version: "secwatch.filing_event.v1"
accession: "0000100517-25-000140"
form_type: "8-K"
ticker: "UAL"
cik: "0000100517"
company_name: "United Airlines Holdings, Inc."
filed_at: "2025-07-09T23:59:59+00:00"
generated_at: "2026-05-18T08:50:26.791188+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# United Airlines redeems $1.52B 2027 notes, unencumbers MileagePlus assets

## Summary
- Redeemed all $1.52B of 6.50% Senior Secured Notes due 2027 using cash on hand; no refinancing.
- MileagePlus assets now unencumbered after redemption and 2024 prepayment of $1.8B secured term loan.
- Preliminary Q2 2025 total debt $27.1B; after redemption $25.6B, down from $36.3B peak in Q2 2021.
- Adjusted total debt (non-GAAP) after redemption $32.5B; available liquidity $17.1B.
- Company continues toward long-term net leverage target of less than 2.0x.

## SEC filing metadata
- accession: 0000100517-25-000140
- form_type: 8-K
- ticker: UAL
- cik: 0000100517
- company_name: United Airlines Holdings, Inc.
- filed_at: 2025-07-09T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.02, 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/100517/000010051725000140/0000100517-25-000140-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/100517/000010051725000140/ual-20250707.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000100517-25-000140
- JSON: https://secwatch.observer/filing/0000100517-25-000140.json
- Plain text: https://secwatch.observer/filing/0000100517-25-000140.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.