Delta Air Lines Announces Early Tender Results of Tender Offers and Consent Solicitation of its 9 1/2% Senior Secured Notes due 2014 and 11 3/4% Senior Second Lien Notes due 2015

Loading...
Loading...
Delta Air Lines, Inc.
DAL
  today announced the results, as of the early tender deadline of 5:00 P.M., Eastern Time, on October 15, 2012, of its previously announced tender offers and consent solicitation for its 9½% Senior Secured Notes due 2014 and its 11¾% Senior Second Lien Notes due 2015.  As of the early tender deadline, Delta received valid tenders and consents from holders of $405.6 million in aggregate principal amount of 9½% Notes, representing 67.6% of the outstanding aggregate principal amount of 9½% Notes, and $239.9 million in aggregate principal amount of 11¾% Notes, representing 78.4% of the outstanding aggregate principal amount of 11¾% Notes. Delta expects to accept for purchase all 9½% Notes and 11¾% Notes validly tendered and not withdrawn prior to the early tender deadline (and all related consents) on October 18, 2012 (the "initial payment date").
Market News and Data brought to you by Benzinga APIs
Posted In: NewsFinancing
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...