Delta closes $2B debt offering: 4.95% notes due 2028 and 5.25% notes due 2030

DELTA AIR LINES, INC.

Issued $1B of 4.950% Notes due July 2028 and $1B of 5.250% Notes due July 2030.
Proceeds to repay ~$1.65B outstanding PSP loan due 2030 and for general corporate purposes.
Notes are unsecured, unsubordinated, and rank pari passu with existing unsecured debt.
Redemption allowed at par within one month of maturity; change-of-control put at 101.

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