United Continental Holdings, Inc.
United Air Lines, Inc.
(Names of applicants)
|
77 W. Wacker Drive
Chicago, Illinois 60601
|
(Address of principal executive offices)
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Title of Class
|
Amount
|
6% Notes due 2026
|
$326,192,000
|
6% Notes due 2028
|
$326,191,000
|
8% Notes due 2024
|
$400,000,000
|
Guarantees of such Notes
|
-
|
Name and address of agent for service:
Brett J. Hart
Executive Vice President, General Counsel and Secretary
United Continental Holdings, Inc.
77 W. Wacker Drive
Chicago, Illinois 60601
(312) 997-8000
|
With a copy to:
John K. Hoyns
Hughes Hubbard & Reed LLP
One Battery Park Plaza
New York, New York 10004
(212) 837-6000
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1.
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General Information.
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(a)
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Form of organization. Each of United Continental Holdings, Inc. (“UAL”) and its wholly-owned subsidiary United Air Lines, Inc. (“United”) is a corporation.
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(b)
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State or other sovereign power under the laws of which organized. Each of UAL and United is incorporated under the laws of the State of Delaware.
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2.
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Securities Act Exemption Applicable.
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·
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The issuer of the Original Notes and of the New Notes is the same.
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·
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The issuer of the Original Guarantees and of the New Guarantees is the same.
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·
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The New Notes and the New Guarantees will be received by the PBGC, the sole existing beneficial owner of the Original Notes and the Original Guarantees.
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·
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No sales of securities of the same class as the New Notes or New Guarantees have been or are to be made by UAL or United or by or through an underwriter at or about the same time as the Amendment and Restatement for which the exemption is claimed.
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·
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No consideration has been, or is to be given, directly or indirectly, to any person in connection with the Amendment and Restatement, except for the payments of (i) fees and expenses of legal advisors for their legal services, (ii) fees charged by the Trustee under the Original Indenture or the Amended Indenture for its services as trustee, and (iii) accrued but unpaid interest due under the Original Notes.
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·
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No beneficial owner of the Original Notes or the Original Guarantees has made or will be requested to make any cash payment to UAL or United in connection with the Amendment and Restatement.
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·
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No dealer-manager, solicitation agent or financial adviser has been engaged by UAL or United in connection with the Amendment and Restatement. Neither UAL nor United has paid or given, and neither of them will pay or give, directly or indirectly, any commission or remuneration to any broker, dealer, salesman, agent or other person in connection with the Amendment and Restatement.
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3.
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Affiliates.
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4.
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Directors and Executive Officers.
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(a)
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UAL:
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Name
|
Office
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Jeffery A. Smisek
|
President and Chief Executive Officer and Director; will also become Chairman of the Board, effective December 31, 2012.
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Michael P. Bonds
|
Executive Vice President Human Resources and Labor Relations
|
James Compton
|
Vice Chairman and Chief Revenue Officer
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Jeffrey T. Foland
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Executive Vice President Marketing, Technology and Strategy
|
Irene E. Foxhall
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Executive Vice President Communications and Government Affairs
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Brett J. Hart
|
Executive Vice President, General Counsel and Secretary
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Peter D. McDonald
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Executive Vice President and Chief Operations Officer
|
John D. Rainey
|
Executive Vice President and Chief Financial Officer
|
Gerald Laderman
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Senior Vice President Finance & Treasurer
|
Christopher T. Kenny
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Vice President & Controller
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Glenn F. Tilton
|
Chairman of the Board and Director; will cease to be Chairman of the Board, effective December 31, 2012
|
Stephen R. Canale
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Director
|
Carolyn Corvi
|
Director
|
Jane C. Garvey
|
Director
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James J. Heppner
|
Director
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Walter Isaacson
|
Director
|
Henry L. Meyer III
|
Director
|
Oscar Munoz
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Director
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Laurence E. Simmons
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Director
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David J. Vitale
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Director
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John H. Walker
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Director
|
Charles A. Yamarone
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Director
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(b)
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United:
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Name
|
Office
|
Jeffery A. Smisek
|
President, Chief Executive Officer, Chairman of the Board of Directors and Director
|
Michael P. Bonds
|
Executive Vice President Human Resources and Labor Relations
|
James E. Compton
|
Vice Chairman and Chief Revenue Officer and Director
|
Jeffrey T. Foland
|
Executive Vice President Marketing, Technology and Strategy
|
Irene E. Foxhall
|
Executive Vice President Communications and Government Affairs
|
Brett J. Hart
|
Executive Vice President, General Counsel and Secretary
|
Peter D. McDonald
|
Executive Vice President Chief Operations Officer and Director
|
John D. Rainey
|
Executive Vice President and Chief Financial Officer and Director
|
Frederick C. Abbott
|
Senior Vice President Flight Operations
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Mark R. Anderson
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Senior Vice President Corporate and Government Affairs
|
Robert S. Edwards
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Senior Vice President and Chief Information Officer
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John R. Gebo
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Senior Vice President Financial Planning & Analysis
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Martin Hand
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Senior Vice President Customer Experience
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Gregory L. Hart
|
Senior Vice President Technical Operations
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David L. Hilfman
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Senior Vice President Sales
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Hershel I. Kamen
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Senior Vice President Alliances, Regulatory and Policy
|
Leon Kinloch
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Senior Vice President Pricing & Revenue Management
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Gerald Laderman
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Senior Vice President Finance & Treasurer
|
Douglas D. Leo
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Senior Vice President Strategy & Business Development
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Alexandria P. Marren
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Senior Vice President Network Operations & United Express
|
P. Douglas McKeen
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Senior Vice President Labor Relations
|
Thomas F. O’Toole
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Senior Vice President Marketing and Loyalty and President, Mileage Plus Holdings, LLC
|
Name
|
Office
|
Sam F. Risoli
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Senior Vice President Inflight Services
|
Jonathan M. Roitman
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Senior Vice President Airport Operations and Cargo
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Robert A. Anderson
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Vice President United Cargo
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Howard Attarian
|
Vice President Flight Operations
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David Bartels
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Vice President Pricing & Revenue Management
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Ronald U. Baur
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Vice President Fleet
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Thomas N. Bolling
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Vice President and Deputy General Counsel
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Stephanie Buchanan
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Vice President Houston Hub
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Kenneth M. Burtt
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Vice President Technical Services
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Lynda Coffman
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Vice President Food Services
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Larry (Ted) Davidson
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Vice President and Deputy General Counsel
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Charles Duncan
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Vice President O’Hare Hub
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Torbjorn J. Enqvist
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Vice President Newark Hub
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Joseph J. Ferreira
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Vice President Line Maintenance
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Kate Gebo
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Vice President Corporate Real Estate
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Stephen D. Goepfert
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Vice President Internal Audit
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Michael Kennaugh
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Vice President Airline and Shared Services IT Portfolio
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Christopher T. Kenny
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Vice President & Controller
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Ferdy Khater
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Vice President Applications Development
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Tracy Lee
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Vice President Operations Planning
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Fernando Lopez
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Vice President Airports & Baggage Services
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Katrina Manning
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Vice President Technical Procurement
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Thomas K. Merritt
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Vice President IT Service Management & Engineering
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Dave Messing
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Vice President Corporate Communications
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Mark Mounsey
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Vice President Base Maintenance
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James P. Mueller
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Vice President Atlantic and Pacific Sales
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Munum A. Naeem
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Vice President Technical Operations Planning
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Elhan Orhon
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Vice President Financial Planning & Analysis
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Sandra Pineau-Boddison
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Vice President Customer Contact Centers
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Michael J. Quiello
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Vice President Corporate Safety
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R. Douglas Rose
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Vice President Human Resources
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Praveen Sharma
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Vice President Loyalty
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John C. Slater
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Vice President Sales - Americas
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John W. Stelly
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Vice President IT Business Management
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Donna Towle
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Vice President Employee Relations
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Nancy H. Van Duyne
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Vice President Congressional Affairs
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Jeffery Wall
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Vice President Labor Relations
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Scott Wilson
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Vice President Merchandising and eCommerce
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Brian Znotins
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Vice President Network
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5.
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Principal Owners of Voting Securities.
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Name and Address of
Beneficial Owner
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Title of
Class Owned
|
Amount Owned
|
Percent
of Class(1)
|
Capital World Investors(2)
333 South Hope Street
Los Angeles, CA 90071
|
Common Stock
|
36,051,651
|
10.8%
|
T. Rowe Price Associates, Inc.(3)
100 E. Pratt Street
Baltimore, MD 21202
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Common Stock
|
34,421,269
|
10.4%
|
United Airlines Pilots Master Executive Council,
Air Line Pilots Association, International(4)
6400 Shafer Court, Suite 700
Rosemont, IL 60018
|
Class Pilot MEC
Junior Preferred Stock |
1
|
100%
|
International Association of Machinists and Aerospace Workers(4)
District #141
900 Machinists Place
Upper Marlboro, MD 20722
|
Class IAM Junior
Preferred Stock |
1
|
100%
|
_______________________
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(1)
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Percentage of class of voting securities as of December 14, 2012.
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(2)
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Based on Schedule 13G/A (Amendment No. 3) filed on February 10, 2012 in which Capital World Investors reported sole voting power for 31,262,413 shares and sole dispositive power for 36,051,651 shares. According to Amendment No. 3, Capital World Investors is a registered investment adviser and a division of Capital Research and Management Company. Capital World Investors reported that it is deemed to be the beneficial owner of the shares reported in the table above as a result of Capital Research and Management Company acting as investment adviser to various investment companies.
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(3)
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Based on Schedule 13G filed on August 10, 2012 in which T. Rowe Price Associates, Inc. reported sole voting power for 9,724,559 shares and shared voting power and sole dispositive power for 34,421,269 shares.
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(4)
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Shares of Class Pilot MEC and Class IAM stock elect one ALPA and IAM director, respectively, and have one vote on all matters submitted to the holders of Common Stock other than the election of directors.
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6.
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Underwriters.
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(a)
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Attached hereto as Exhibit 99.2 is a chart containing the name and complete mailing address of each person who, within three years prior to the date of this Application, acted as an underwriter of any securities of UAL which are outstanding on the date of this Application and the title of each class of securities underwritten. United has not conducted an underwritten offering within three years prior to the date of this Application.
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(b)
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No person is acting, or is proposed to act, as principal underwriter of the New Notes proposed to be offered pursuant to the Amended Indenture.
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7.
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Capitalization.
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(a)
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The following tables set forth information with respect to each authorized class of securities of the applicants as of December 14, 2012.
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UAL1
|
||
Title of Class
|
Amount
Authorized
|
Amount
Outstanding |
Common Stock, par value $0.01 per share (“Common Stock”)
|
1,000,000,000
|
332,531,784
|
Preferred Stock, without par value (“Series Preferred Stock”)
|
250,000,000
|
0
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Class Pilot MEC Junior Preferred Stock
|
1
|
1
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Class IAM Junior Preferred Stock
|
1
|
1
|
6% Senior Convertible Notes due 2029
|
$345,000,000
|
$345,000,000
|
6% Senior Notes due 2031
|
$652,383,000
|
$652,383,000
|
8% Contingent Senior Unsecured Notes
|
$500,000,000
|
$125,000,000
|
United
|
||
Title of Class
|
Amount
Authorized
|
Amount Outstanding
|
Common Stock, par value $5.00 per share
|
1,000
|
205
|
Pass Through Certificates, Series 2009-1
|
$659,107,000
|
$419,036,218
|
Pass Through Certificates, Series 2009-2A
|
$697,731,000
|
$556,323,642
|
Pass Through Certificates, Series 2009-2B
|
$112,606,000
|
$78,977,132
|
4.5% Senior Limited Subordination Convertible Notes due 2021
|
$726,000,000
|
$155,640,000
|
9.875% Senior Secured Notes due 2013
|
$500,000,000
|
$400,000,000
|
12.0% Senior Second Lien Notes due 2013
|
$200,000,000
|
$200,000,000
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(b)
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Voting rights:
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8.
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Analysis of Indenture Provisions.
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(a)
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Events of Default.
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(1)
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default in any payment of the principal amount of, or premium, if any, on any New Notes of that Series when such amount becomes due and payable at stated maturity, upon acceleration, redemption or otherwise;
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(2)
|
failure to pay interest on any New Notes of that Series when such interest becomes due and payable, and such failure continues for a period of 30 days;
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(3)
|
failure to comply with any of the covenants or agreements applicable to New Notes of that Series (other than those referred to in (1) or (2) above or (4) below) and such failure continues for 60 days after notice;
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(4)
|
failure by UAL (i) to mail notice of a Change of Control to each Holder within the time period provided in the Amended Indenture, or (ii) to comply with the provisions of the Amended Indenture relating to mergers or consolidations of UAL or the sale by UAL of all or substantially all of its assets;
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(5)
|
certain bankruptcy or insolvency events with respect to UAL or United; and
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(6)
|
the Guarantee with respect to such Series ceases to be in full force and effect or is declared null and void or United denies that it has any further liability under such Guarantee (other than in any such case by reason of the termination, discharge, defeasance or release of such Guarantee in accordance with the Amended Indenture), and such condition shall have continued for a period of 30 days after notice.
|
(b)
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Authentication and Delivery of New Notes; Application of Proceeds.
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(c)
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Release or Release and Substitution of Property Subject to a Lien.
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(d)
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Satisfaction and Discharge.
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(1)
|
either
|
(A)
|
all New Notes of such Series theretofore authenticated and delivered (other than New Notes which have been destroyed, lost or stolen and which have been replaced or paid as provided in the Amended Indenture and New Notes for whose payment money has theretofore been deposited in trust by UAL with the Trustee or any Paying Agent or segregated and held in trust by UAL and thereafter repaid to UAL or discharged from such trust as provided in the Amended Indenture) have been delivered to the Trustee for cancellation; or
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(B)
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all New Notes of such Series (i) have become due and payable, or (ii) will become due and payable at their stated maturity within one year, or (iii) if redeemable at the option of UAL, are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of UAL, and UAL, in the case of (i), (ii) or (iii) above, has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust for such purpose, solely for the benefit of the Holders, immediately available funds in U.S. dollars in an amount sufficient to pay and discharge the entire indebtedness on such New Notes not theretofore delivered to the Trustee for cancellation, for principal, premium, if any, and interest, if any, to the date of such deposit (in the case of New Notes which have become due and payable) or to the stated maturity or redemption date, as the case may be (subject to certain limitations set forth in the Amended Indenture);
|
(2)
|
UAL has paid or caused to be paid all other sums payable hereunder by UAL; and
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(3)
|
UAL has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of the Amended Indenture as to such Series have been complied with.
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(e)
|
Evidence of Compliance with Conditions and Covenants.
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9.
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Other Obligors.
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(a)
|
Pages numbered 1 to 14 consecutively.
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(b)
|
The statement of eligibility and qualification on Form T-1 of The Bank of New York Mellon Trust Company, National Association, as Trustee under the Amended Indenture to be qualified (filed herewith as Exhibit 25.1).
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(c)
|
The following exhibits in addition to those filed as part of the statement of eligibility and qualification of the Trustee:
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Exhibit T3A.1
|
—
|
Restated Certificate of Incorporation of United Continental Holdings, Inc. (filed as Exhibit 3.1 to UAL’s Form 8-K filed October 1, 2010, Commission file number 1-6033, and incorporated herein by reference)
|
Exhibit T3A.2
|
—
|
Restated Certificate of Incorporation of United Air Lines, Inc. (filed as Exhibit 3.1 to United’s Form 8-K filed February 1, 2006, Commission file number 1-11355, and incorporated herein by reference)
|
Exhibit T3B.1
|
—
|
Amended and Restated Bylaws of United Continental Holdings, Inc. (filed as Exhibit 3.2 to UAL’s Form 8-K filed December 14, 2012, Commission file number 1-6033, and incorporated herein by reference)
|
Exhibit T3B.2
|
—
|
Amended and Restated Bylaws of United Air Lines, Inc. (filed as Exhibit 3.2 to United’s Form 8-K filed February 1, 2006, Commission file number 1-11355, and incorporated herein by reference)
|
Exhibit T3C*
|
—
|
Form of Amended and Restated Indenture among United Continental Holdings, Inc., United Air Lines, Inc., as a guarantor, and The Bank of New York Mellon Trust Company, National Association, as Trustee.
|
Exhibit T3D
|
—
|
Not applicable.
|
Exhibit T3E
|
—
|
Not applicable.
|
Exhibit T3F
|
—
|
A cross reference sheet showing the location in the Amended Indenture of the provisions inserted therein pursuant to Section 310 through 318(a), inclusive, of the Trust Indenture Act (included as part of Exhibit T3C herewith).
|
Exhibit 99.1*
|
—
|
Organizational chart of the subsidiaries of United Continental Holdings, Inc.
|
Exhibit 99.2*
|
—
|
Schedule of underwriters for securities of United Continental Holdings, Inc. within the previous three years.
|
UNITED CONTINENTAL HOLDINGS, INC.
|
||||
By:
|
/s/ John D. Rainey | |||
Name:
|
John D. Rainey | |||
Title:
|
Executive Vice President and Chief Financial Officer |
By:
|
/s/ Gerald Laderman | ||
Name:
|
Gerald Laderman | ||
Title:
|
Senior Vice President Finance and Treasurer |
UNITED AIR LINES, INC.
|
||||
By:
|
/s/ John D. Rainey | |||
Name:
|
John D. Rainey | |||
Title:
|
Executive Vice President and Chief Financial Officer |
By:
|
/s/ Gerald Laderman | ||
Name:
|
Gerald Laderman | ||
Title:
|
Senior Vice President Finance and Treasurer |
Exhibit T3A.1
|
—
|
Restated Certificate of Incorporation of United Continental Holdings, Inc. (filed as Exhibit 3.1 to UAL’s Form 8-K filed October 1, 2010, Commission file number 1-6033, and incorporated herein by reference)
|
Exhibit T3A.2
|
—
|
Restated Certificate of Incorporation of United Air Lines, Inc. (filed as Exhibit 3.1 to United’s Form 8-K filed February 1, 2006, Commission file number 1-11355, and incorporated herein by reference)
|
Exhibit T3B.1
|
—
|
Amended and Restated Bylaws of United Continental Holdings, Inc. (filed as Exhibit 3.2 to UAL’s Form 8-K filed December 14, 2012, Commission file number 1-6033, and incorporated herein by reference)
|
Exhibit T3B.2
|
—
|
Amended and Restated Bylaws of United Air Lines, Inc. (filed as Exhibit 3.2 to United’s Form 8-K filed February 1, 2006, Commission file number 1-11355, and incorporated herein by reference)
|
Exhibit T3C*
|
—
|
Form of Amended and Restated Indenture among United Continental Holdings, Inc., United Air Lines, Inc., as a guarantor, and The Bank of New York Mellon Trust Company, National Association, as Trustee.
|
Exhibit T3D
|
—
|
Not applicable.
|
Exhibit T3E
|
—
|
Not applicable.
|
Exhibit T3F
|
—
|
A cross reference sheet showing the location in the Amended Indenture of the provisions inserted therein pursuant to Section 310 through 318(a), inclusive, of the Trust Indenture Act (included as part of Exhibit T3C herewith).
|
Exhibit 25.1*
|
—
|
The statement of eligibility and qualification on Form T-1 of The Bank of New York Mellon Trust Company, National Association, as Trustee under the Amended Indenture to be qualified.
|
Exhibit 99.1*
|
—
|
Organizational chart of the subsidiaries of United Continental Holdings, Inc.
|
Exhibit 99.2*
|
—
|
Schedule of underwriters for securities of United Continental Holdings, Inc. within the previous three years.
|