OREANDA-NEWS. United Continental Holdings, Inc. today announced that it is notifying holders of its 6.0 percent Convertible Senior Notes due 2029 (the "Notes"), which, as of Oct. 20, 2014, had an outstanding principal amount of \\$56,216,000, that it has elected to effect an optional redemption of all of the outstanding Notes on Nov. 25, 2014 (the "Redemption Date").

On the Redemption Date, United Continental Holdings, Inc. (the "Company") will redeem the entire outstanding principal amount of the Notes, at a price in cash equal to 100 percent of the principal amount of such Notes, plus accrued and unpaid interest thereon to but not including the Redemption Date.

The Notes are convertible into shares of the Company's common stock. The current conversion rate of the Notes is 115.1013 shares of common stock per USD 1,000 principal amount of the Notes, and the conversion price is approximately USD 8.69.