---
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"
generated_at: "2026-06-12T20:50:11.537309+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Delta enters $2.65B revolving credit facility, refinances existing credit agreement

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-26-004816
- JSON: https://secwatch.observer/filing/0001683168-26-004816.json
- Plain text: https://secwatch.observer/filing/0001683168-26-004816.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $2.650 billion revolving facility comprised of a $1.325 billion three-year tranche, a $1.325 billion five-year tranche
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
  - Rate: adjusted term SOFR, or another index rate, in each case plus a specified margin
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/27904/000168316826004816/0001683168-26-004816-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto
  - Value: $2.650 billion
  - Effective: 2026-06-11
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/27904/000168316826004816/0001683168-26-004816-index.htm

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