Delta Airlines to Refinance Debt

JP Morgan will do the honors.

The Atlanta-based company is seeking loans as prices for the debt recover after four straight weeks of losses, which forced companies last week to cancel $3.12 billion of loan transactions for refinancings. The S&P/LSTA U.S. Leveraged Loan Index, which tracks the 100 largest dollar-denominated first- lien leveraged loans, rose 0.44 cent last week to 95.28 cents on the dollar on March 25.

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