SkyMiles’ $9 Billion Financings

Kilpatrick Townsend & Stockton LLP advised Delta Air Lines.

Delta Air Lines announced its $9.0 billion aggregate amount of financings secured by Delta’s SkyMiles Program.

The financings included a private offering of $6.0 billion of senior secured notes under Rule 144A, with Delta and its subsidiary, SkyMiles IP Ltd., as co-issuers, and a $3.0 billion senior secured term loan facility, with Delta and SkyMiles IP as co-borrowers. The transaction was referred to by Bloomberg News as the largest airline industry debt financing ever completed.

Delta is the U.S. global airline leader in safety, innovation, reliability and customer experience. Powered by its employees around the world, Delta has for a decade led the airline industry in operational excellence while maintaining its reputation for award-winning customer service.

The Kilpatrick Townsend team included Ben Barkley (Picture) and David Eaton, Lynn Fowler, Joe Scibilia, Alicia Jones, Jeffrey Skinner, Sterling Perkinson, Isabelle Dinerman, Edgar Callaway and Sabrina Rodrigues and Ali Fenno.

Involved fees earner: Benjamin Barkley – Kilpatrick Townsend & Stockton; Edgar Callaway – Kilpatrick Townsend & Stockton; Isabelle Dinerman – Kilpatrick Townsend & Stockton; David Eaton – Kilpatrick Townsend & Stockton; Alexandra Fenno – Kilpatrick Townsend & Stockton; Lynn Fowler – Kilpatrick Townsend & Stockton; Alicia Jones – Kilpatrick Townsend & Stockton; Sterling Perkinson – Kilpatrick Townsend & Stockton; Sabrina Rodrigues – Kilpatrick Townsend & Stockton; Joseph Scibilia – Kilpatrick Townsend & Stockton; Jeffrey Skinner – Kilpatrick Townsend & Stockton;

Law Firms: Kilpatrick Townsend & Stockton;

Clients: Delta Air Lines Inc;

Author: Ambrogio Visconti