|
|
 |
|
Viewing report
|
|
|
|
Bulletin: Delta Air Lines Revises Exit Financing, Ratings Unaffected Apr 07
Standard & Poors, April 2007
Abstract
NEW YORK (Standard & Poor's) April 19, 2007--Delta Air Lines Inc. (rated 'D') announced today that it reallocated commitments under its $2.5 billion exit bank facility, increasing the size of the first-lien revolving credit to $1.6 billion from $1.5 billion, and decreasing the second-lien term loan to $900 million from $1 billion. The change does not affect Standard & Poor's Ratings Services 'B+' bank loan rating and '1' recovery rating on the first-lien revolving credit, nor our 'B-' bank loan rating and '3' recovery rating on the second-lien term loan. Please see the Delta Air Lines recovery report published March 30, 2007, on RatingsDirect for full recovery analysis....
Companies mentioned in this report are: Delta Air Lines Inc.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
