From Yahoo Finance: 2025-06-05 12:49:00

Delta Air Lines Inc. plans to sell investment-grade bonds to repay a government loan taken during the pandemic to pay employees. The airline is marketing three-year and five-year notes, potentially yielding 1.3 percentage points above Treasuries. The $1.6 billion loan, due in 2030, was the largest of three received through the CARES Act’s Payroll Support Program. Remaining loans mature a year later with unchanged interest rates until next year, according to Fitch Ratings. Delta’s bond sale is among four in the US high-grade market Thursday, with notes expected to be rated Baa2 by Moody’s and BBB- by S&P and Fitch. Bookrunners for the transaction include Barclays, JPMorgan Chase, Morgan Stanley, U.S. Bancorp, and Wells Fargo.



Read more at Yahoo Finance: Delta Air Plans Bond Sale to Repay Pandemic Payroll Loan