UAL Corp. gets $2 bln in Chapter 11 exit financing

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UAL Corp. gets $2 bln in Chapter 11 exit financing  =

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Tuesday December 16, 7:13 PM EST =


NEW YORK, Dec 16 (Reuters) - UAL Corp., parent of United Airlines, said o=
n Tuesday it obtained $2 billion in "exit financing," which it called "a =
major step" toward emerging from bankruptcy protection.

UAL (UALAQ) said the loan package was obtained by J.P. Morgan Chase & Co.=
 (JPM) and Citigroup Inc. (C).

The two banks will each underwrite $200 million of the non-guaranteed por=
tion of the loan and $800 million of the guaranteed portion.

It said the financial package requires a guarantee from the federal Air T=
ransportation Stabilization Board. =



=A92003 Reuters Limited. =


Roger
EWROPS

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