UPDATE 2-Delta frees up cash with credit card agreement

(Reuters) - Delta, which exited bankruptcy at the end of April,
eliminated a $1.1 billion holdback that was required under the
previous agreement to cover a potential default. The holdback
consisted of an $800 million cash reserve and a $300 million
letter of credit.




"This new agreement reflects the strong confidence of the
financial markets," said Chief Financial Officer Edward Bastian
in a statement.


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