{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-25-007343","form_type":"8-K","ticker":"DAL","cik":"0000027904","company_name":"DELTA AIR LINES, INC.","filed_at":"2025-09-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.008561+00:00","generated_at":"2026-05-17T05:20:02.237722+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"positive","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Delta refinances SkyMiles credit facility; extends maturity to 2028, reduces margin to 1.50%","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-25-007343","json":"https://secwatch.observer/filing/0001683168-25-007343.json","markdown":"https://secwatch.observer/filing/0001683168-25-007343.md","text":"https://secwatch.observer/filing/0001683168-25-007343.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/27904/000168316825007343/0001683168-25-007343-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/27904/000168316825007343/delta_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:20:02.237722+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b9985a4e4f3a8d91e2c106858f499159b2c4654c","claim":"DELTA AIR LINES, INC. amended term loan with Barclays Bank PLC at adjusted term SOFR (but not less than 0.0% per annum), plus a reduced margin of maturing October 20, 2028.","evidence_excerpt":"Amendment No. 2 amends the SkyMiles Credit Facility to, among other things, (i) refinance the facility’s existing term loans with the proceeds of replacement term loans bearing interest at a variable rate equal to an adjusted term SOFR (but not less than 0.0% per annum), plus a reduced margin of 1.50% per annum, payable quarterly; (ii) extend the scheduled maturity of the facility from October 20, 2027 to October 20, 2028; (iii) reduce the amortization payments from 20.0% to 1.0% per year, payable quarterly; and (iv) add a prepayment premium of 1.00% payable in connection with a Repricing Event","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/27904/000168316825007343/0001683168-25-007343-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Counterparty","value":"Barclays Bank PLC"},{"label":"Rate","value":"adjusted term SOFR (but not less than 0.0% per annum), plus a reduced margin of"},{"label":"Maturity","value":"October 20, 2028"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}