http://www.businessweek.com/news/2014-01-24/delta-air-lines-said-to-seek-rate-cut-on-1-dot-49-billion-of-loans
Delta is seeking to reduce the rate on $1.49 billion of loans, according to a person with knowledge of the transaction.
The third-largest U.S. carrier is proposing to lower the rate on a $1.09 billion B-1 portion due in October 2018 to 2.75 percentage points more than the London interbank offered rate, down from 3 percentage points more than Libor, said the person who asked not to be identified without authorization to speak publicly. The minimum on the lending benchmark may be lowered to 0.75 percent from 1 percent, meaning Delta’s annual interest on the debt will be lowered to $38 million from $43 million.