Delta Air Lines Inc. said Thursday that the debt offering planned with its SkyMiles IP Ltd. subsidiary was upsized to $9.0 billion from previous plans for a $6.5 billion offering. The air carrier said the offering will include an aggregate of $2.5 billion in 4.5% senior secured notes due 2025 and $3.5 billion in 4.75% senior secured notes due 2028. The company said it also expects to enter into a credit agreement providing for a $3.0 billion term loan facility. The stock, which fell 0.8% in premarket trading, has dropped 40.9% year to date through Wednesday while the U.S. Global Jets ETF has lost 40.0% and the S&P 500 has gained 4.8%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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