Reported 1 day ago
Delta Air Lines Inc. is set to sell investment-grade bonds to repay a $1.6 billion government payroll loan taken during the pandemic. The airline aims to refinance the loan, which has been accumulating interest and is due in 2030, by offering three-year and five-year notes. This bond sale is part of a broader trend, as companies capitalizing on favorable borrowing conditions seek to meet their financial needs.
Source: YAHOO