Delta Creditors Approve Exit Financing

Law360, New York (February 2, 2007, 12:00 AM EST) -- Delta Air Lines Inc.’s creditors have approved the terms of the $2.5 billion in financing that Delta secured to emerge from bankruptcy protection, the airline said in an amended disclosure plan filed Friday.

Delta amended its reorganization plan for a second time, following the first filing on Dec. 19 and an amended plan filed on Jan. 19.

The exit facility will be co-led by six financial institutions – JPMorgan, Goldman Sachs & Co., Merrill Lynch, Lehman Brothers, UBS and Barclays Capital – and will consist of...
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