United Airlines parent UAL Corp said the US Bankruptcy Court approved amendments to its debtor-in-possession financing facility that provide "a significant reduction" in the interest it must pay under the loan. The agreement with DIP lenders JPMorgan Chase, Citigroup, CIT and GE Capital also extends the maturity date of the loan to Sept. 30 from June 30, waives the Jan. 2005 EBITDAR covenant and adjusts the minimum monthly EBITDAR targets for UAL going forward. Additionally, the amendments ...
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