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
Delta Air Lines, Inc. (NYSE: 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 Delta expects to accept for purchase all 9½% Notes and 11¾% Notes validly tendered and not withdrawn prior to the early tender deadline (and all related consents) on October 18, 2012 (the "initial payment date").
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