United Airlines has taken out a $2 billion secured loan from a group of banks as it seeks to shore up its liquidity in the face of the impact of coronavirus.
It raised the money via a secured term loan facility. As of 9 March, the carrier had $8 billion of liquidity, including approximately $6 billion of unrestricted cash and short-term investments, and its fully undrawn revolving credit facility of $2 billion.
