Delta Air Lines starts consent solicitation for ETCs, passthroughs to obtain restructuring flexibility

New York, Aug. 18 - Delta Air Lines Inc. said it has begun soliciting consents from holders of some of its equipment trust certificates and passthrough certificates to give it "greater flexibility to effect a successful out-of-court restructuring."

Holders are being asked to allow Delta to remove any contractual restrictions on the Atlanta airline's ability to purchase or hold those securities.

The consent solicitation runs through 5 p.m. ET on Aug. 31.

Merrill Lynch & Co., Goldman, Sachs & Co. and Morgan Stanley & Co. Inc. are the solicitation agents. Global Bondholder Services Corp. is the information agent (212 430-3774 or 866 470-3700).

Equipment trust certificates affected are: 1988 equipment trust certificates, series A, B and C; 1989 equipment trust certificates, series A, B, C, D, E, F, G, H, I and J; 1990 equipment trust certificates, series A, B, C, D, E, F, G, H, I, J and K; 1991 equipment trust certificates series A, B, C, D, E, F, G, H, I, J, K and L; and 1992 equipment trust certificates series A, B, C, D, E and F.

Passthrough certificates affected are 1992 passthrough certificates series A1, A2, B1 and B2; 1993 passthrough certificates series A1 and A2; and 1996 passthrough certificates series A1 and A2.

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