Form 8-K · Current report
Delta Air Lines 8-K, filed Nov 6, 2026
- Filed
- CIK
- 0000027904
- Accession no.
- 0001193125-26-451940
Summary
Delta Air Lines completed a $500 million public offering of 5.500% notes due 2029. Delta intends to use part of the net proceeds to repay roughly $391 million of borrowings under its unsecured Payroll Support Program loan, about $70 million of aircraft-secured equipment notes, and, together with cash on hand, about $39 million of Class B Pass Through Certificates, Series 2020-1, with any remainder for general corporate purposes.
Key points
- The notes are Delta's direct, unsecured and unsubordinated obligations maturing November 6, 2029, with interest payable semi-annually beginning May 6, 2027.
- Delta may redeem the notes at any time before October 6, 2029 at a make-whole price, and at par plus accrued interest on or after that date.
- If a change of control occurs and the notes are downgraded below investment grade by two or more ratings agencies, Delta must offer to repurchase them at 101% of principal.
- Delta entered an underwriting agreement on November 4, 2026 with BofA Securities, Citigroup Global Markets, Deutsche Bank Securities, Goldman Sachs & Co. and Standard Chartered Bank as representatives of the underwriters.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 8.01Other Events
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry into a Material Definitive Agreement. On November 6, 2026, Delta Air Lines, Inc. (“Delta,” “we,” “us” or “our”) completed a public offering of $500,000,000 in aggregate principal amount of our 5.500% Notes due 2029 (the “Notes”). The Notes were registered under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to an automatic shelf registration statement on Form S-3 (File No. 333-297387) (the “Registration Statement”), filed with the Securities and Exchange Commission (the “Commission”) on July 10, 2026. …
An excerpt of the text as filed with the SEC, cut for length.
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