Market Overview

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

Share:
Related DAL
Think The Market Is Overvalued? These 7 Stocks Beg To Differ
Do JETS' Technical Round Trips Signify Turbulence Ahead For Airline Stocks?
Top Insider Trades: Facebook, Google Execs Sell Before Earnings (Investor's Business Daily)

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 Delta expects to accept for purchase all 9½% Notes and 11¾% Notes validly tendered and not withdrawn prior to the early tender deadline (and all related consents) on October 18, 2012 (the "initial payment date").

Posted-In: News Financing

 

Related Articles (DAL)

View Comments and Join the Discussion!