Maples and Calder, the Maples Group’s law firm, advised Delta Air Lines and its indirect, wholly-owned subsidiary, SkyMiles IP, on the Cayman Islands legal aspects of both its recent US$3 billion term loan facility and its US$6 billion offering of senior secured notes. Both funding arrangements closed on 23 September 2020. The notes and new credit facility are secured by, among other things, a first-priority security interest in Delta’s SkyMiles program, including Delta’s rights under certain related agreements, intellectual property, and other collateral related to the SkyMiles programme. A multi-disciplinary team of lawyers based in the Group’s Cayman Islands offices

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