Delta Air Lines Announces Early Tender Results of, and Election of Early Settlement for, Its Offer for Outstanding Notes
Tuesday, August 2nd, 2022
Delta Air Lines, Inc. (NYSE:DAL) ("Delta") announced today the early tender participation results, as of 5:00 p.m., New York City time, on July 29, 2022 (the "Early Tender Time"), of its previously announced cash tender offer for up to $1.5 billion in aggregate purchase price, excluding accrued and unpaid interest (the "Maximum Tender Amount"), of certain of its outstanding debt securities (the "Notes").
With respect to the Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time, Delta has elected to have an early settlement date to make payment for such Notes on August 2, 2022. The tender offer is being made on the terms and subject to the conditions set forth in the Offer to Purchase dated July 18, 2022 (the "Offer to Purchase").
The following table sets forth certain information regarding the Notes and participation in the tender offer, including the aggregate principal amount of each series of Notes that was validly tendered as of the Early Tender Time according to D.F. King & Co., Inc., the Tender Agent and information agent for the tender offer.