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Delta Air Lines Inc., 8 1/8% Notes due 7/1/2039
Ticker Symbol: DNTNQ* CUSIP: 247361405 Exchange: OTOTC
* NOTE: This security is no longer trading as of 4/27/2007
Security's Distribution is Suspended!
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Delta Air Lines Inc., 8 1/8% Notes due July 1, 2039, issued in $25 denominations, redeemable at the issuer's option on or after 7/01/2004 at $25 per share plus accrued and unpaid interest, maturing 7/01/2039, distributions of 8 1/8% per annum are paid quarterly on 1/1, 4/1, 7/1 & 10/1 to holders of record on the 15th day of the month preceding the payment date. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Notes are unsecured and unsubordinated debt securities of the company and will rank equally with all existing and future unsecured and unsubordinated obligations of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (DAL)
Notes: Bankruptcy plan effective on 4/30/2007. __________
Oct. 7, 2005 - Delta Air Lines announced today that it has been advised by the New York Stock Exchange (NYSE) that its common stock - ticker symbol DAL - and its 8 1/8% Notes due July 1, 2039 - ticker symbol DNT - will be suspended from trading on the NYSE on October 13, 2005, and that the NYSE will submit an application to the Securities and Exchange Commission to delist these securities. Delta received written notification from the NYSE on October 4, 2005 that the average closing price of Delta's common stock fell below the NYSE's continued listing minimum share price standard of $1.00 over a consecutive 30-trading-day period as of October 3, 2005. This condition subjected Delta's securities to the NYSE's suspension and delisting procedures. Delta has informed the NYSE that, due to its recent Chapter 11 filing, it does not intend to attempt to cure this deficiency and will not oppose the suspension and delisting of its common stock and its 8 1/8% Notes due July 1, 2039. The Company expects these securities to be delisted from the NYSE upon approval by the Securities and Exchange Commission. Once suspended from trading on the NYSE, Delta's securities may be quoted in the "over-the-counter" market. Delta cannot predict what the ultimate value of its securities may be or whether security owners should expect any financial recovery in Delta's Chapter 11 proceedings. However, in most Chapter 11 cases, owners of equity securities receive little or no recovery of value from their investment. As a result, Delta urges that appropriate caution be exercised with respect to existing and future investments in Delta's securities.
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IPO - 7/15/1999 - 20.00 Million Notes @ $25.00/note.
Link to IPO Prospectus
Previous Ticker Symbol: DNT Changed: 10/12/2005
Market Value $270.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: Hartsfield Atlanta Intl Airport, 1030 Delta Blvd., Atlanta, GA 30354 |
| Main Phone Number |
404-715-2600 |
| Fax Number |
404-715-5042 |
| Investor Relations
Neil Russell
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866-715-2170
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| Toll Free Phone Number |
866-715-2170 |
| CEO - Gerald Grinstein |
CFO - Edward H. Bastian |
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