Originally Posted by
sailingfun
Delta is in discussions with banks, led by agent JPMorgan Chase & Co., to raise between $2 billion and $4 billion with a 364-day secured term-loan facility, the people said, asking not to be identified because the talks are private.
that loan will be at a competitive cost disadvantage to the government loans. I wouldn’t be surprised if the government eventually forgave the loans. Why would Ed try so hard to avoid federal loans? Could it be related to clawbacks, current compensation, and future executive compensation?