Delta said it completed a public offering of unsecured notes totaling $2,000,000,000 on June 5, 2025, consisting of 4.950% Notes due 2028 and 5.250% Notes due 2030, each in an aggregate principal amount of $1,000,000,000.

1. 01

   Delta said it completed a public offering of unsecured notes totaling $2,000,000,000 on June 5, 2025, consisting of 4.950% Notes due 2028 and 5.250% Notes due 2030, each in an aggregate principal amount of $1,000,000,000.

2. 02

   The company said the 2028 notes will mature on July 10, 2028 and the 2030 notes on July 10, 2030. Interest will be paid semi-annually in arrears on January 10 and July 10 of each year, with the first payment on January 10, 2026.

3. 03

   The company said it plans to use part of the net proceeds from the notes to repay all or a portion of the approximately $1.65 billion in outstanding borrowings under its unsecured Payroll Support Program loan due April 19, 2030, with the remaining proceeds for general corporate purposes.

4. 04

   The company said it may redeem each series before one month prior to maturity at the redemption price set forth in the Supplemental Indenture, and thereafter at 100% of principal. If a Change of Control occurs together with a ratings decline to below investment grade, it must offer to repurchase the notes at 101% of principal.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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