After originally announcing that it would leverage the SkyMiles program to secure a $6.5 billion loan, Delta Air Lines said today they’re asking for a little bit more money.
The Atlanta-based carrier wrote that the new lending agreement “will provide gross proceeds of $9.0 billion, an increase of $2.5 billion from the anticipated original $6.5 billion deal size, at a blended average annual rate of 4.75%.” (Bold mine)
I hope this means Delta is confident they’ll repay all $9 billion. That or they’re literally going for broke. But I’m guessing it’s the former.
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