Delta Air Lines amends credit card processing agreement; Eliminates holdback, increasing unrestricted cash by approximately $800 million.

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M2 PRESSWIRE-13 June 2007-DELTA AIR LINES: Delta Air Lines amends credit card processing agreement; Eliminates holdback, increasing unrestricted cash by approximately $800 million(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:13062007 ATLANTA - Delta Air Lines (NYSE: DAL) announced today it has amended its Visa/MasterCard processing agreement to eliminate the $1.1 billion holdback previously required.

This holdback consisted of an $800 million cash reserve and a related $300 million letter of credit. Pursuant to the amendment, the entire amount of the cash reserve was returned to Delta and the letter of credit was terminated. No future holdback or cash reserve is required except in limited circumstances. As a result of these changes, Delta expects to end the...