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)

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