---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-007733"
form_type: "8-K"
ticker: "DAL"
cik: "0000027904"
company_name: "DELTA AIR LINES, INC."
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T11:45:56.507957+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Delta Air Lines enters into $2.65B amended credit facility with $360M standby LC

## Summary
- New A&R Credit Facility includes $1.325B three-year revolver, $1.325B five-year revolver, and $360M standby letter of credit.
- Facility has an accordion feature to increase aggregate commitments up to $3.65B subject to conditions.
- Facility was undrawn at signing; proceeds are for general corporate purposes.
- Pre-collateral release covenants require minimum liquidity of $2.0B and minimum collateral coverage ratio of 1.60:1.
- Amends and restates prior credit agreement dated April 19, 2018.

## SEC filing metadata
- accession: 0001683168-23-007733
- form_type: 8-K
- ticker: DAL
- cik: 0000027904
- company_name: DELTA AIR LINES, INC.
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/27904/000168316823007733/0001683168-23-007733-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27904/000168316823007733/delta_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-007733
- JSON: https://secwatch.observer/filing/0001683168-23-007733.json
- Plain text: https://secwatch.observer/filing/0001683168-23-007733.txt

## Key facts
- Debt Financings
  DELTA AIR LINES, INC. incurred credit facility of $1.325 billion three-year revolving facility, a $1.325 billion five-year revolving facility, and a $360,078,361.60 three with JPMorgan Chase Bank, N.A. at adjusted term SOFR, or another index rate, in each case plus a specified margin.
  - Instrument: credit facility
  - Principal: $1.325 billion three-year revolving facility, a $1.325 billion five-year revolving facility, and a $360,078,361.60 three
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Rate: adjusted term SOFR, or another index rate, in each case plus a specified margin
  - Event: incurrence
  source text: collateral agent and the lenders party thereto and a separate increase joinder to the credit agreement (together, the “A&R Credit Facility”). The A&R Credit Facility contains a $1.325 billion three-year revolving facility, a $1.325 billion five-year revolving facility, and a $360,078,361.60 three-year standby letter of credit facility. Up to $250 million of each of
  evidence_url: https://www.sec.gov/Archives/edgar/data/27904/000168316823007733/0001683168-23-007733-index.htm
- Material Agreements
  DELTA AIR LINES, INC. entered into A&R Credit Facility with JPMorgan Chase Bank, N.A., as administrative agent and as collateral agent and the lenders party thereto (effective 2023-11-06).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent and as collateral agent and the lenders party thereto
  - Effective: 2023-11-06
  source text: On November 6, 2023, Delta Air Lines, Inc. (“Delta,” “we,” “us” or “our”) entered into an amended and restated credit agreement among Delta, JPMorgan Chase Bank, N.A., as administrative agent and as collateral agent and the lenders party thereto and a separate increase joinder to the credit agreement (together, the “A&R Credit Facility”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/27904/000168316823007733/0001683168-23-007733-index.htm

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