secwatch.observer — SEC 8-K summary
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Issuer:     DELTA AIR LINES, INC. (DAL)
CIK:        0000027904
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001683168-23-007733
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/27904/000168316823007733/0001683168-23-007733-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/27904/000168316823007733/delta_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-007733

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