Sept 23 (Reuters) - Delta Air Lines Inc on
Wednesday sold $1.35 billion of senior secured notes in a two
part debt sale in the 144a private placement market, said IFR,
a Thomson Reuters service.
The size of the deal was increased from an originally planned $ 1.25 billion.
JPMorgan, Barclays, and UBS were the joint bookrunning managers for the sale.
BORROWER: DELTA AIR LINES INC
FIRST TRANCHE: AMT $750 MLN COUPON 9.50 PCT MATURITY 9/15/2014 TYPE SR SEC NOTES ISS PRICE 98.563 FIRST PAY 3/15/2010 MOODY'S Ba2 YIELD 9.875 PCT SETTLEMENT 9/28/2009 S&P BB-MINUS SPREAD 744 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 2 YEARS*
SECOND TRANCHE: AMT $600 MLN COUPON 11.75 PCT MATURITY 3/15/2015 TYPE SR SEC NOTES ISS PRICE 95.228 FIRST PAY 3/15/2010 MOODY'S Ba2 YIELD 13.00 PCT SETTLEMENT 9/28/2009 S&P N/A SPREAD 1056 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 2.5 YEARS*
*MAKE-WHOLE CALL 50 BPS.
Keywords: DELTAIRLINESINC DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886 e-mail: uscorpbonds@reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The size of the deal was increased from an originally planned $ 1.25 billion.
JPMorgan, Barclays, and UBS were the joint bookrunning managers for the sale.
BORROWER: DELTA AIR LINES INC
FIRST TRANCHE: AMT $750 MLN COUPON 9.50 PCT MATURITY 9/15/2014 TYPE SR SEC NOTES ISS PRICE 98.563 FIRST PAY 3/15/2010 MOODY'S Ba2 YIELD 9.875 PCT SETTLEMENT 9/28/2009 S&P BB-MINUS SPREAD 744 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 2 YEARS*
SECOND TRANCHE: AMT $600 MLN COUPON 11.75 PCT MATURITY 3/15/2015 TYPE SR SEC NOTES ISS PRICE 95.228 FIRST PAY 3/15/2010 MOODY'S Ba2 YIELD 13.00 PCT SETTLEMENT 9/28/2009 S&P N/A SPREAD 1056 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 2.5 YEARS*
*MAKE-WHOLE CALL 50 BPS.
Keywords: DELTAIRLINESINC DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886 e-mail: uscorpbonds@reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2009 AFX News
