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Prospect News home > News index > List of issuers D > Headlines for Delta Air Lines, Inc. > News item |
Delta readies launch of $2.6 billion credit facility for Thursday
By Sara Rosenberg
New York, March 29 - Delta Air Lines Inc. has set a conference call for Thursday to launch a proposed $2.6 billion credit facility, according to a market source.
J.P. Morgan Securities LLC is the lead bank on the deal.
The facility consists of a $1.225 billion five-year revolver and a $1.375 billion six-year term loan B, the source said.
Proceeds will be used to refinance existing debt.
Delta is an Atlanta-based airline company.
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