SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Securities registered pursuant to Section 12(b) of the Act
|Registrant||Title of each class|
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on which registered
|United Airlines Holdings, Inc.|
|United Airlines, Inc.||None||None||None|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
|Item 8.01.||Other Events.|
As previously reported, on April 20, 2020, United Airlines Holdings, Inc. (“UAL” and, together with United Airlines, Inc., the “Company”) entered into a warrant agreement with the United States Department of the Treasury (“Treasury”) in connection with the Payroll Support Program established under the Coronavirus Aid, Relief, and Economic Security Act (the “PSP Warrant Agreement”). Pursuant to the PSP Warrant Agreement, UAL has issued to Treasury warrants to purchase up to 4,763,841 shares of common stock (the “PSP Warrants”). The PSP Warrant Agreement entitles Treasury to customary registration rights.
On December 1, 2017, the Company filed a shelf registration statement on Form S-3 (File No. 333-221865) (the “Registration Statement”). The Registration Statement provides for the sale of securities, including shares of common stock and warrants of the Company, from time to time by UAL, its wholly-owned subsidiary United Airlines, Inc. and selling security holders who may be named in a prospectus supplement. On August 28, 2020, UAL filed a prospectus supplement providing for the resale of 4,627,141 of the PSP Warrants by one or more selling security holders from time to time, as well as the resale of up to 4,627,141 shares of common stock issuable upon exercise of such PSP Warrants. On the date hereof, UAL filed a prospectus supplement (the “Prospectus Supplement”) providing for the resale of the remaining 136,700 of the PSP Warrants by one or more selling security holders from time to time, as well as the resale of up to 136,700 shares of common stock issuable upon exercise of such PSP Warrants (collectively, the “Securities”).
Sidley Austin LLP, counsel to UAL, has issued a legal opinion relating to the Securities. A copy of such legal opinion, including the consent included therein, is attached as Exhibit 5.1 hereto.
The foregoing description of the PSP Warrant Agreement does not purport to be complete and is qualified in its entirety by reference to each of the PSP Warrant Agreement, filed herewith as Exhibit 4.1, and the Form of PSP Warrant, filed herewith as Exhibit 4.2, each of which is incorporated herein by reference.
|Item 9.01.||Financial Statements and Exhibits.|
|Description of Exhibit|
|4.1||Warrant Agreement, dated as of April 20, 2020, between UAL and the United States Department of the Treasury (filed as Exhibit 4.2 to UAL’s Form 8-K filed on April 23, 2020, and incorporated herein by reference).|
|4.2||Form of Warrant (included in Exhibit 4.1 as Annex B thereto).|
|5.1||Opinion of Sidley Austin LLP dated October 29, 2020.|
|23.1||Consent of Sidley Austin LLP (included in Exhibit 5.1 hereto).|
|104||Cover Page Interactive Data File (embedded within the Inline XBRL document).|
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
UNITED AIRLINES HOLDINGS, INC.
UNITED AIRLINES, INC.
|/s/ Gerald Laderman|
|Title:||Executive Vice President and Chief Financial Officer|
|Date: October 29, 2020|