---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-007623"
form_type: "8-K"
ticker: "DAL"
cik: "0000027904"
company_name: "DELTA AIR LINES, INC."
filed_at: "2023-11-03T23:59:59+00:00"
generated_at: "2026-06-08T22:48:06.950187+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Delta issues $877.9M in special facilities bonds for LaGuardia redevelopment

## Summary
- NYTDC issued $877,855,000 Series 2023 bonds; Delta is obligated to pay debt service and guaranteed the bonds.
- Bonds split: $428.1M at 6.000% due 2035; $449.8M at 5.625% due 2040.
- Proceeds finance LaGuardia Terminals C&D redevelopment, pay interest, and issuance costs.
- Obligations secured by mortgages on Delta's lease from Port Authority.
- Optional redemption after April 1, 2031 at par; mandatory sinking fund redemptions apply.

## SEC filing metadata
- accession: 0001683168-23-007623
- form_type: 8-K
- ticker: DAL
- cik: 0000027904
- company_name: DELTA AIR LINES, INC.
- filed_at: 2023-11-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/27904/000168316823007623/0001683168-23-007623-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27904/000168316823007623/delta_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-007623
- JSON: https://secwatch.observer/filing/0001683168-23-007623.json
- Plain text: https://secwatch.observer/filing/0001683168-23-007623.txt

## Key facts
- Debt Financings
  DELTA AIR LINES, INC. incurred senior notes of $877,855,000 with New York Transportation Development Corporation at 6.000% and 5.625% maturing April 1, 2035 and April 1, 2040.
  - Instrument: senior notes
  - Principal: $877,855,000
  - Counterparty: New York Transportation Development Corporation
  - Rate: 6.000% and 5.625%
  - Maturity: April 1, 2035 and April 1, 2040
  - Event: incurrence
  source text: On November 2, 2023, the New York Transportation Development Corporation (“NYTDC”) issued its Special Facilities Revenue Bonds, Series 2023 (Delta Air Lines, Inc. – LaGuardia Airport Terminals C&D Redevelopment Project), in the aggregate principal amount of $877,855,000 (the “2023 Bonds”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/27904/000168316823007623/0001683168-23-007623-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.