Delta Air Lines is expected to close a complicated $688.7 million public offering today that involves using 22 of its jets as collateral.
The airline, represented by attorneys at Kilpatrick Stockton and Debevoise & Plimpton’s New York office, is creating two pass-through trusts to issue enhanced equipment trust certificates, or EETCs, a specialized form of financing used commonly by larger airlines to fund the costs of their jets.
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