Delta Sets Course for $2.5B Refinancing

Kellerhals, Richard
April 2011
High Yield Report;4/4/2011, Vol. 22 Issue 14, p18
The article offers information about the 2.6-billion U.S.-dollar worth of refinancing issued by Delta Air Lines on March 2011. The term loan was arranged by banks like JPMorgan, Bank of America Merrill Lynch, Barclays, and Citigroup along with a 1.225-billion U.S.-dollar worth of revolver. It is noted that the debt package will be supported through a first-lien basis by Delta's receivables, aircraft, ground-support equipment, real estate, spare engines, and flight simulators.


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