Delta refinances credit facility with $2.65B revolving facility split into 3-year and 5-year tranches

Filed June 12, 2026 · Period ending June 11, 2026 · ~1 min read

Key Changes

• medium

  Delta entered into a new $2.65B revolving credit facility, split equally between 3-year and 5-year tranches, replacing its November 2023 facility. The new facility was undrawn at closing and includes an accordion feature allowing expansion to $3.65B.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  The facility requires Delta to maintain minimum fixed charge coverage and asset coverage ratios of 1.25:1, and restricts liens and asset dispositions from a designated asset pool.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• low

  Borrowings bear interest at adjusted term SOFR plus a margin. The specific margin and prior facility terms are not disclosed.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →