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Delta amends revolver
On November 17, 2021, Delta Air Lines agreed to amend its existing revolving credit facility from April 2018, with JPMorgan, as administrative agent and collateral agent, and other lenders. Delta has extended the maturity of the $1.25bn revolving loans and commitments and the standby letter of credit facility from April 2022 to April 2024. The maturity of the remaining $1.325 billion five-year facility under the Amended Revolving Credit Facility remains unchanged. A further amendment adds additional procedures for transition to a benchmark rate other than LIBOR as the reference rate.
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