Delta Airlines 2010 Annual Report Download - page 98
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Table of Contents
NOTE 19. SUBSEQUENT EVENTS
In February 2011, we completed a $100 million offering of Pass Through Certificates, Series 2010-1B (the "2010-1B EETC") and a $135 million offering
of Pass Through Certificates, Series 2010-2B (the "2010-2B EETC"), through two separate pass through trusts. The 2010-1B EETC bears interest at a fixed
rate of 6.375% per year and has a final maturity in January 2016.
We received $75 million in net proceeds from the 2010-2B EETC at the closing of the offering. The remaining $59 million is being held in escrow until we
refinance other aircraft, including 10 aircraft currently securing our 2001-1 EETC that matures in September 2011. The 2010-2B EETC bears interest at a
fixed rate of 6.75% per year and has a final maturity in November 2015.
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