Delta Debt Refinancing On Asia Pacific Routes

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Reuters is reporting that Delta is refinance $1.7 billion in Senior Secured notes. The financing proceeds will refinance the airline’s credit facilities. The who’s who of bankers have been reported to be part of this deal including  Bank of America Barclays, BNP, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, Merrill Lynch, Morgan Stanley and UBS.

This debt is down from a $2.1 billion in 2009. For the full report see the Reuters article here.

In related news, is it time to jump into Delta stock given United’s troubles?

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Hat Tip: HansGolden

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About The Weekly Flyer

The Weekly Flyer writes about travel from a business traveler perspective. He travels the world every week accumulating points and miles along the way.

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