Manufacturing Industry
Delta extends offer to exchange Class A Certificates
Airline Industry Information, April 10, 2008
AIRLINE INDUSTRY INFORMATION-(C)1997-2008 M2 COMMUNICATIONS LTD
The offer to exchange (the Class A Exchange Offer) USD924,408,000 aggregate face amount of Class A Certificates, Series 2007-1 (New Class A Certificates), registered under the US Securities Act of 1933, as amended, for an equal face amount of outstanding Class A Certificates, Series 2007-1 (Old Class A Certificates), which were privately placed on 11 October 2007, has been extended by Delta Air Lines Inc (NYSE:DAL).
Delta said the Class A Exchange Offer was originally due to expire at 17:00 New York City time, on 9 April 2008, unless extended. Around USD913,723,000 in aggregate face amount of Old Class A Certificates have reportedly been confirmed as tendered, as of close of business on 9 April 2008, in exchange for like face amounts of the New Class A Certificates.
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According to Delta, the new expiration date for the Exchange Offer is 17:00 New York City time on 14 April 2008, unless the date is further extended by the airline.
The Class A Exchange Offer is made following a prospectus and letter of transmittal filed with the US Securities and Exchange Commission as part of Delta's Registration Statement on Form S-4.
Delta has not extended the offer to exchange USD265,366,000 aggregate face amount of Class B Certificates, Series 2007-1 or USD220,103,000 aggregate face amount of Class C Certificates, Series 2007-1, also registered under the US Securities Act.
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