May 6 (Reuters) - United Airlines Holdings Inc said it plans to raise $2.25 billion through a bond offering as it grapples with a slump in air travel demand due to government-mandated lockdowns across the world.
The No. 3 U.S. airline said it would offer the bonds in two tranches that will mature in 2023 and 2025 respectively.
The net proceeds from the offering will be used to repay a $2 billion term loan and for general corporate purposes. (Reporting by Rachit Vats in Bengaluru Editing by Supriya Kurane)