Delta Air Lines To Secure $2.6B Loan

Delta Air Lines is looking for a credit facility worth $2.6 billion.

Delta Air Lines is looking for a credit facility worth $2.6 billion, Bloomberg reports. The new first-lien loan will comprise of a $1.225 billion five- year revolving credit line and a $1.375 billion six-year term loan B.

The U.S. airline company’s financing will replace debt obtained in 2007, including a revolving credit line, a first-lien synthetic line of credit and a second-lien term loan. JP Morgan Chase is the lead arranger for the loan.

Click here for the story from Bloomberg.