{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-26-004816","form_type":"8-K","ticker":"DAL","cik":"0000027904","company_name":"DELTA AIR LINES, INC.","filed_at":"2026-06-12T20:30:45+00:00","discovered_at":"2026-06-12T20:32:00.328483+00:00","generated_at":"2026-06-12T20:50:11.537309+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Delta enters $2.65B revolving credit facility, refinances existing credit agreement","bullets":["$2.65B revolving facility split into $1.325B three-year and $1.325B five-year tranches, plus uncommitted standby LC facility.","Accordion feature allows increase of aggregate commitments up to $3.65B upon request and subject to conditions.","Borrowings bear interest at adjusted term SOFR plus margin; undrawn LCs accrue a fee per annum.","Covenants include minimum fixed charge coverage ratio of 1.25:1 and minimum asset coverage ratio of 1.25:1.","Facility was undrawn at entry; proceeds used to refinance existing credit facility and for general corporate purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-26-004816","json":"https://secwatch.observer/filing/0001683168-26-004816.json","markdown":"https://secwatch.observer/filing/0001683168-26-004816.md","text":"https://secwatch.observer/filing/0001683168-26-004816.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/27904/000168316826004816/0001683168-26-004816-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/27904/000168316826004816/delta_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T20:50:11.537309+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":"591552fbe22dc0bd6853607d13cff1bd163f068d","claim":"DELTA AIR LINES, INC. incurred revolving credit of $2.650 billion revolving facility comprised of a $1.325 billion three-year tranche, a $1.325 billion five-year tranche with JPMorgan Chase Bank, N.A., as administrative agent at adjusted term SOFR, or another index rate, in each case plus a specified margin.","evidence_excerpt":"The Credit Facility contains a $2.650 billion revolving facility comprised of a $1.325 billion three-year tranche, a $1.325 billion five-year tranche","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/27904/000168316826004816/0001683168-26-004816-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$2.650 billion revolving facility comprised of a $1.325 billion three-year tranche, a $1.325 billion five-year tranche"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Rate","value":"adjusted term SOFR, or another index rate, in each case plus a specified margin"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"5ba7cb8ecaf43f93c29c07676d1bd88591e70cdd","claim":"DELTA AIR LINES, INC. entered into Credit Facility with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto valued at $2.650 billion (effective 2026-06-11).","evidence_excerpt":"On June 11, 2026, Delta Air Lines, Inc. (“Delta,” “we,” “us” or “our”) entered into a credit agreement among Delta, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto (the “Credit Facility”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/27904/000168316826004816/0001683168-26-004816-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto"},{"label":"Value","value":"$2.650 billion"},{"label":"Effective","value":"2026-06-11"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}