Any "Latest & Greatest" about Delta?
03-29-2011, 10:04 AM
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Originally Posted by forgot to bid
I'm all for if you don't pay taxes you don't vote.
03-29-2011, 10:04 AM
Everyday is a weekend!
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There is an alert on the iCrew sign in now for Mac users.
03-29-2011, 10:40 AM
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Originally Posted by porpilot
Delta Air Lines Said to Seek $2.6 Billion in Loans to Help Refinance Debt
By Krista Giovacco - Mar 29, 2011 11:50 AM CT
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Delta Air Lines Inc. (DAL), the world’s second-largest carrier, is seeking $2.6 billion in loans to refinance debt, according to a person with knowledge of the matter.
JPMorgan Chase & Co., the bank leading the financing, will host a lender call on March 31 at 11 a.m. in New York, said the person, who declined to be identified because the deal is private.
The first-lien debt includes a $1.225 billion, five-year revolving credit line and a $1.375 billion six-year term loan B, the person said.
First-lien debt is repaid first in a bankruptcy or liquidation, second-lien debt is repaid next.
By Krista Giovacco - Mar 29, 2011 11:50 AM CT
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Delta Air Lines Inc. (DAL), the world’s second-largest carrier, is seeking $2.6 billion in loans to refinance debt, according to a person with knowledge of the matter.
JPMorgan Chase & Co., the bank leading the financing, will host a lender call on March 31 at 11 a.m. in New York, said the person, who declined to be identified because the deal is private.
The first-lien debt includes a $1.225 billion, five-year revolving credit line and a $1.375 billion six-year term loan B, the person said.
First-lien debt is repaid first in a bankruptcy or liquidation, second-lien debt is repaid next.
Who knows!?!?
03-29-2011, 12:08 PM
Doing Nothing
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Anybody else hear about the "coyote" that was running around 8R today? Funny
03-29-2011, 12:10 PM
The Brown Dot +1
Joined APC: Jun 2009
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Originally Posted by cni187
Anybody else hear about the "coyote" that was running around 8R today? Funny
Are they smuggling illegal mexicans thru the ATL airport now?
03-29-2011, 12:15 PM
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Originally Posted by shiznit
I saw that article.....The question is: Is DAL, Inc. building a war chest OR a doing a corporate "balance transfer" to a lower rate loan?
Who knows!?!?
Who knows!?!?
03-29-2011, 12:21 PM
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Originally Posted by Sink r8
Yes, it's a total mystery... I wonder if the author might have left us a clue, somewhere, like... the title?
Cheers
George
03-29-2011, 12:45 PM
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Originally Posted by shiznit
I saw that article.....The question is: Is DAL, Inc. building a war chest OR a doing a corporate "balance transfer" to a lower rate loan?
Who knows!?!?
Who knows!?!?
03-29-2011, 12:49 PM
Happy to be here
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Originally Posted by shiznit
I saw that article.....The question is: Is DAL, Inc. building a war chest OR a doing a corporate "balance transfer" to a lower rate loan?
Who knows!?!?
Who knows!?!?
DAL has 2.5 billion of debt maturing next year (Last weeks conference call)
Of that 2.5 billion Ed commented that we had a 1.2 billion revolver that our creditors have already agreed to.
So, the question becomes; Is this added financing above the 1.2 billion or is this include it? If it does not include this 1.2 billion, I would submit that DAL is going to restructure debt early, or they are going to not pay down 1.3 billion in debt that they planned to. I guess we will have to tune in to the call to find out.
Last edited by acl65pilot; 03-29-2011 at 01:02 PM.
03-29-2011, 12:53 PM
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Originally Posted by cni187
Anybody else hear about the "coyote" that was running around 8R today? Funny
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