Delta Air Lines completes $500 million unsecured debt offering
DAL•Delta Air Lines completed a $500 million offering of 5.5% unsecured notes due November 6, 2029. Proceeds will help repay about $500 million in borrowings and debt, with cash on hand supplementing proceeds for a further repayment of about $39 million.
1. Offering details
Delta Air Lines completed the offering on November 6, 2026. The unsecured, unsubordinated notes mature November 6, 2029, and interest payments begin semiannually on May 6, 2027.
2. Use of proceeds
The company plans to use proceeds to repay approximately $391 million in Payroll Support Program borrowings and $70 million in aircraft-secured equipment notes. Cash on hand will supplement proceeds to repay approximately $39 million of Class B Pass Through Certificates, Series 2020-1; any remaining net proceeds will fund general corporate purposes.
