Delta to repay Pacific term loan B-1, 2015 term loan debt via notes

By Tali Rackner

Minneapolis, April 16 – Delta Air Lines, Inc. plans to repay borrowings outstanding under its secured Pacific term loan B-1 facility due Oct. 18, 2018 and its 2015 term loan facility due Aug. 24, 2022 using the proceeds from several new note offerings, according to a 424B5 filing with the Securities and Exchange Commission.

As of March 31, there was about $1.05 billion outstanding under the Pacific term loan facility and roughly $489 million under the 2015 term loan facility.

Remaining proceeds will be used for general corporate purposes.

Delta is a commercial airline based in Atlanta.

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