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DELTA AIR LINES, INC. DEPOSITARY SHARE OFFERING

 DELTA AIR LINES, INC.
 DEPOSITARY SHARE OFFERING
 ATLANTA, June 24 /PRNewswire/ -- Delta Air Lines, Inc. (NYSE: DAL) announced that it had increased the size of its public offering of Depositary Shares announced on June 1, 1992, from 15,000,000 shares to 20,000,000 shares.
 Each Depositary Share represents 1/1,000 of a share of Series C Convertible Preferred Stock with liquidation preference equivalent to $50 per Depositary Share. Each Depositary Share will entitle the holder to proportional rights and preferences of the Series C Convertible Preferred Stock, including dividend, voting, conversion, redemption and liquidation rights and preferences. The Depositary Shares are being offered at $50 per share and are entitled to a cumulative dividend of $3.50 per annum per Depositary Share when, as and if declared by the Company.
 The underwriters have been granted an option to purchase up to an additional 3,000,000 Depositary Shares to cover overallotments. The managers are Goldman, Sachs & Co. and Merrill Lynch & Co. in the United States and Goldman Sachs International Limited and Merrill Lynch International Limited abroad.
 A prospectus regarding the offering may be obtained from the managers.
 -0- 6/24/92
 /CONTACT: Delta Air Lines Public Relations, 404-715-2533/
 (DAL) CO: Delta Air Lines, Inc. ST: Georgia IN: AIR SU: OFR


BR -- AT005 -- 3494 06/24/92 17:32 EDT
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Publication:PR Newswire
Date:Jun 24, 1992
Words:222
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