(Reuters) - June 13 - Delta Air Lines Inc. said it eliminated a $1.1 billion holdback, consisting of an $800 million cash reserve and a related $300 million letter of credit, after it amended its Visa and MasterCard processing agreement.
Due to these changes, Delta now expects to end the quarter with $4.2 billion in liquidity, including a fully available $1 billion revolving line of credit, the third-largest U.S. airline said in a statement.
Read more at Reuters.com Bonds News
Due to these changes, Delta now expects to end the quarter with $4.2 billion in liquidity, including a fully available $1 billion revolving line of credit, the third-largest U.S. airline said in a statement.
Read more at Reuters.com Bonds News
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