Delta $500 Million Debt Offering To Be Secured By Pacific Assets

摘要

Delta is planning to take on new debt to pay off currentnNorthwest debt.nThe airline said yesterday that it is planning a privatenoffering of $500 million in aggregate principalnamount of senior secured notes due in 2014. With thatnmoney, and borrowing planned under proposed newnsenior secured credit facilities, it plans to repay all ofnthe outstanding debt under Northwest’s senior corporatencredit facility.