Delta refinances SkyMiles credit facility; extends maturity to 2028, reduces margin to 1.50%

DELTA AIR LINES, INC.

Refinanced existing SkyMiles term loans with replacement loans at adjusted SOFR + 1.50% margin (floor 0.0%).
Maturity extended from Oct 20, 2027 to Oct 20, 2028.
Annual amortization reduced from 20% to 1% per year, payable quarterly.
Added 1.00% prepayment premium for Repricing Event within six months of Sept 30, 2025.

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