Insights: News Kilpatrick Townsend Advises Delta Air Lines on $9 Billion SkyMiles Financings
ATLANTA (September 30) – Kilpatrick Townsend & Stockton LLP was pleased to advise Delta Air Lines on 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 partners Ben Barkley and David Eaton (Securities), Lynn Fowler (Tax), Joe Scibilia (Secured Lending), Alicia Jones (Intellectual Property), Jeffrey Skinner (Investment Management) and Sterling Perkinson (ERISA), and associates Isabelle Dinerman, Edgar Callaway, and Sabrina Rodrigues (Securities) and Ali Fenno (Investment Management).
Davis Polk, Dorsey & Whitney LLP and Maples Group also provided advice to Delta in connection with the financings.
Related People View All
While we are pleased to have you contact us by telephone, surface mail, electronic mail, or by facsimile transmission, contacting Kilpatrick Townsend & Stockton LLP or any of its attorneys does not create an attorney-client relationship. The formation of an attorney-client relationship requires consideration of multiple factors, including possible conflicts of interest. An attorney-client relationship is formed only when both you and the Firm have agreed to proceed with a defined engagement.
DO NOT CONVEY TO US ANY INFORMATION YOU REGARD AS CONFIDENTIAL UNTIL A FORMAL CLIENT-ATTORNEY RELATIONSHIP HAS BEEN ESTABLISHED.
If you do convey information, you recognize that we may review and disclose the information, and you agree that even if you regard the information as highly confidential and even if it is transmitted in a good faith effort to retain us, such a review does not preclude us from representing another client directly adverse to you, even in a matter where that information could be used against you.