M
ME NEWS
11 Jun 2025, 08:16
Delta Air Lines Raises $2 Billion in Unsecured Notes Offering
Delta Air Lines has completed a public offering of $2 billion in unsecured notes, consisting of $1 billion of 4.950% Notes due 2028 and $1 billion of 5.250% Notes due 2030. The offering, finalized on June 5, 2025, was conducted under Delta’s automatic shelf registration and structured through an indenture agreement with U.S. Bank Trust Company.
The notes, which are direct and unsubordinated obligations of Delta, will pay interest semi-annually starting January 10, 2026. The 2028 Notes mature on July 10, 2028, and the 2030 Notes mature on July 10, 2030. Delta retains the option to redeem the notes early, subject to conditions outlined in the indenture.
A portion of the proceeds will be used to repay $1.65 billion in Payroll Support Program loans, with the remainder allocated to general corporate purposes. The notes include standard covenants and change-of-control provisions that may trigger repurchase requirements.
Delta Air Lines has completed a public offering of $2 billion in unsecured notes, consisting of $1 billion of 4.950% Notes due 2028 and $1 billion of 5.250% Notes due 2030. The offering, finalized on June 5, 2025, was conducted under Delta’s automatic shelf registration and structured through an indenture agreement with U.S. Bank Trust Company.
The notes, which are direct and unsubordinated obligations of Delta, will pay interest semi-annually starting January 10, 2026. The 2028 Notes mature on July 10, 2028, and the 2030 Notes mature on July 10, 2030. Delta retains the option to redeem the notes early, subject to conditions outlined in the indenture.
A portion of the proceeds will be used to repay $1.65 billion in Payroll Support Program loans, with the remainder allocated to general corporate purposes. The notes include standard covenants and change-of-control provisions that may trigger repurchase requirements.