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Article: Delta Air Lines Secures $2.5 Billion Exit Financing.
- Article from:
- M2 Presswire
- Article date:
- January 30, 2007
CopyrightCOPYRIGHT 2007 M2 Communications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-30 January 2007-Delta-Air: Delta Air Lines Secures $2.5 Billion Exit Financing(C)1994-2007 M2 COMMUNICATIONS LTD
RDATE:30012007
ATLANTA - Delta Air Lines (Other OTC: DALRQ) announced today that it has obtained commitments for a $2.5 billion exit financing facility, marking a significant step forward for the company's plan to exit bankruptcy in Spring 2007 as a strong, well-capitalized standalone carrier.
The exit facility will be co-led by six financial institutions - JPMorgan, Goldman Sachs & Co., Merrill Lynch, Lehman Brothers, UBS, and Barclays Capital - and will consist of a $1 billion first-lien revolving credit facility, a ...