Delta air lines commences cash tender offer for up to $1.5 billion aggregate purchase price of certain of its outstanding notes

Atlanta , july 18, 2022 /prnewswire/ -- delta air lines, inc. (nyse:dal) ("delta") announced today that it has commenced an offer to purchase for cash (the "tender offer") up to a maximum combined aggregate purchase price of $1.5 billion, excluding accrued and unpaid interest (the "maximum tender amount") of its outstanding: 7.000% senior secured notes due 2025 (the "2025 notes"), 7.375% notes due 2026 (the "2026 notes"), 4.500% senior secured notes due 2025 co-issued by delta with skymiles ip ltd., an exempted company incorporated with limited liability under the laws of the cayman islands and an indirect, wholly-owned subsidiary of delta (such notes, the "skymiles notes"), and 3.800% notes due 2023 (the "2023 notes" and, together with the 2025 notes, the 2026 notes and the skymiles notes, the "notes").
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