Merrill Lynch Gives Delta A Break—For A Price

Law360, New York (July 14, 2006, 12:00 AM EDT) -- Merrill Lynch & Co. has offered to ease the pricing terms of a $300 million financing deal with Delta Airlines, but only if the embattled carrier pays an undisclosed fee.

Delta revealed in a recent bankruptcy court filing that the brokerage giant had promised to enhance the pricing terms on the financing arrangement that Delta must have in order to take credit card bookings.

Merrill Lynch has also agreed to extend the financing deal by seven months, but Delta has not yet decided whether to take...
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