Delta Air Lines announces USD500 million private debt offering

Delta Air Lines announced (16-Sep-2009) it is planning a private offering of USD500 million in senior secured notes due in 2014. The carrier intends to use the net proceeds of this offering, together with initial borrowings under its proposed new senior secured credit facilities, to repay all outstanding borrowings under Northwest Airlines' senior corporate credit facility and to use any remaining net proceeds for general corporate purposes. [more]