Maples and Calder, the Maples Group's law firm, is pleased
to have advised United MileagePlus, United Airlines' loyalty
programme, on the Cayman Islands legal aspects of both its recent
US$3.8 billion bond offering and its concurrent US$3 billion term
loan which closed on 2 July 2020.
Asset finance Partner, Sherice Arman led a multi-disciplinary
team of lawyers from the firm's corporate, finance, IP, data
protection and trusts practices on this transaction. Cayman Islands
based-Partners Abraham Thoppil, Tim Dawson and Finn O'Hegarty,
and Of Counsel Shari Howell, Nick Herrod and Maxine Bodden, acted
as Cayman Islands legal advisers.
The sizeable bond offering and loan facility will be used to
refinance United Airline's existing bridge facility and provide
working capital and liquidity for the United Airlines group.