Warwick Ventures Reports UAL Stated Pricing of Offerings

Oct. 5, 2009 - PRLog -- Windsor, Alberta-- Warwick Ventures reports that UAL Corporation , the holding company whose primary subsidiary is United Air Lines, Inc., recently stated it has priced its underwritten registered public offerings of common stock and convertible senior notes.

The Company announced that it has agreed to sell 19 million shares of its common stock at a public offering price of $7.24 per share. It has also granted the underwriters an over-allotment option with respect to an additional 2.85 million shares of its common stock on the same terms and conditions to cover over-allotments, if any. United also announced the pricing of $300 million aggregate principal amount of convertible senior notes due 2029. United has granted the underwriters an over-allotment option with respect to an additional $45 million aggregate principal amount of convertible senior notes on the same terms and conditions to cover over-allotments, if any. The convertible senior notes will pay interest semi-annually at an annual rate of 6.0%.

United operates approximately 3,300 flights a day on United and United Express to more than 200 U.S. domestic and international destinations from its hubs in Los Angeles, San Francisco, Denver, Chicago and Washington, D.C. With key global air rights in the Asia-Pacific region, Europe and Latin America, United is one of the largest international carriers based in the United States.

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Warwick Ventures is a Venture Capital firm specializing in the creation and development of small and mid cap companies Our expertise lies in our ability to identify fututre winners before the market. Our strategy is to work with these and help them grow.