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Continental EETC oversubscribed
05 November 2009
Continental finances 11 new Boeing aircraft and refinance another eight with $650 million bond.
Read more:
[Continental]
[bond]
[Morgan Stanley]
[Goldman Sachs]
[Credit Suisse]
[enhanced equipment trust certificate]
[EETC]
[aircraft]
Continental Airlines has raised $650 million with a bond that was four times oversubscribed. Morgan Stanley, Goldman Sachs and Credit Suisse are joint structuring agents and bookrunners for the two-tranche structure.
Natixis will provide a liquidity facility for the Class A and B certificates.
The class A enhanced equipment...
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