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After originally announcing that it would leverage the SkyMiles program to secure a $6.5 billion loan, Delta Air Lines said today they’re asking for a little bit more money.
The Atlanta-based carrier wrote that the new lending agreement “will provide gross proceeds of $9.0 billion, an increase of $2.5 billion from the anticipated original $6.5 billion deal size, at a blended average annual rate of 4.75%.” (Bold mine)
I hope this means Delta is confident they’ll repay all $9 billion. That or they’re literally going for broke. But I’m guessing it’s the former.
Advertiser Disclosure: Eye of the Flyer, a division of Chatterbox Entertainment, Inc., is part of an affiliate sales network and and may earn compensation when a customer clicks on a link, when an application is approved, or when an account is opened. This relationship may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed, or approved by any of these entities. Some links on this page are affiliate or referral links. We may receive a commission or referral bonus for purchases or successful applications made during shopping sessions or signups initiated from clicking those links.
