ST Alpha - "Delta: $5.4 billion total, $1.6 billion in unsecured loans, and " warrants to acquire about 1 percent of Delta stock at $24.39 per share over 5 years"" (Reading a Post)

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Delta: $5.4 billion total, $1.6 billion in unsecured loans, and " warrants to acquire about 1 percent of Delta stock at $24.39 per share over 5 years"

Posted by colin (aka colinski) Apr 17 '20, 13:09

that's about $11 million in stock... maybe. ffs.

https://news.delta.com/ed-bastian-memo-protecting-our-future?mkcpgn=EM_MKTG_CPIN_CL_200414_AA900705_A01A_P0_payroll (news.delta.com)

Responses:

Disney: I figure it expedited securing additional funding asap. Iger in the mix helps credibility. Was at $15B secured a couple days ago -- nm - budice Apr 17, 13:14 3
- Disney Chairman Bob Iger Appointed to California’s COVID-19 Business Recovery Task Force -- (link) - budice Apr 17, 13:38 1
  - gonna see if he can wiggle out of even more state taxes? -- nm - colin Apr 17, 14:14
- AMC is looking for $500M, supposedly, to try and stay alive. not looking good. -- nm - colin Apr 17, 13:19

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