Delta Plans $1.5 Billion Note Sale, $1.5 Billion Term Loan B Facility
April 22 2020 - 7:56PM
Dow Jones News
By Josh Beckerman
Delta Air Lines Inc. plans a private offering of $1.5 billion of
senior secured notes due 2025 and also intends to enter a new $1.5
billion Term Loan B facility due 2023.
The airline intends to use proceeds for general corporate
purposes and to bolster its liquidity position.
Earlier Wednesday, Delta reported its first quarterly loss in
more than five years.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
April 22, 2020 19:41 ET (23:41 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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