tyb
ATILA25 C-560 from Abu Dhabi to Doha, Qatar after a Doha departure-currently trackin' it ne of Doha proper in cap however it is now heading to Al Udeid Air Base just south
NATO07 E-3 Sentry AWACS done over Romania and ne
NATO06 E-3 Sentry AWACS south from Norway recce
French AF FAF902 E-3 Sentry AWACS from central France to Estonia, Latvia and Lithuania now over northern Poland and appears done at that location
MEDX53-Medical Evac flight: US Navy Fairchild C-26D Metro 23 nw from di Sigonella AB Sicily-Catania
VVLL854 _169554 P-8's west from NAS Jax and should make a left turn out into the Gulf
_AE67AA drone se along Florida coast
good morning B
A little BRRRRRRT for the morning.
79108 A-10 Thunderbolt up east of Baltimore and south
good. posting clears up and all is very quick now. (ty CM)
doing well. had a long nabby yesterday but went to bed at normal time. feel much better today
here ya go, the swiped ones 1 and 2 the 3 is a gif
found the gif, did not make
Delta Air completes $3.5 billion debt offering, for amount that was more than double what it sought
Delta Air Lines Inc. DAL, -1.31% disclosed Thursday that its private placement of 7.00% notes due 2025 was completed at more than double the amount that was originally expected. The stock slipped 0.3% in premarket trading, after soaring 23.3% over the past two sessions. The air carrier said the aggregate principal amount of the senior secured notes was $3.5 billion, which was increased from the $1.5 billion that it originally sought. Delta said it plans to use the proceeds from the offering to support its liquidity position amid the COVID-19 pandemic. Delta also said it entered Wednesday into a new $1.5 billion credit facility, and has drawn the full amount of the facility. The new facility is subject to amortization payments of 1% per year, payable quarterly staring on Sept. 30. The stock has tumbled 52.2% over the past three months through Wednesday, while the U.S. Global Jets ETF JETS, -1.34% has dropped 48.9% and the S&P 500 SPX, -0.53% has lost 10.5%
https://www.marketwatch.com/story/delta-air-completes-35-billion-debt-offering-for-amount-that-was-more-than-double-what-it-sought-2020-04-30
Federal Reserve Board announces it is expanding the scope and eligibility for the Main Street Lending Program
The Federal Reserve Board on Thursday announced it is expanding the scope and eligibility for the Main Street Lending Program. As part of its broad effort to support the economy, the Federal Reserve developed the Main Street Lending Program to help credit flow to small and medium-sized businesses that were in sound financial condition before the pandemic.
When the initial terms of Main Street were announced, the Board indicated that, because the financial needs of businesses vary widely, it was seeking feedback from the public on potential refinements. More than 2,200 letters from individuals, businesses, and nonprofits were received. In response to the public input, the Board decided to expand the loan options available to businesses, and increased the maximum size of businesses that are eligible for support under the program. The changes include:
Creating a third loan option, with increased risk sharing by lenders for borrowers with greater leverage;
Lowering the minimum loan size for certain loans to $500,000; and
Expanding the pool of businesses eligible to borrow.
Under the new loan option, lenders would retain a 15 percent share on loans that when added to existing debt do not exceed six times a borrower's income, adjusted for interest payments, taxes, and depreciation and other appropriate adjustments. This compares to the existing loan options where lenders retain a 5 percent share on loans, but have different features. Under all of the loan options, lenders will be able to apply their industry-specific expertise and underwriting standards to best measure a borrower's income. In total, three loan options—termed new, priority, and expanded—will be available for businesses. The chart below summarizes the different loan options.
Additionally, businesses with up to 15,000 employees or up to $5 billion in annual revenue are now eligible, compared to the initial program terms, which were for companies with up to 10,000 employees and $2.5 billion in revenue. The minimum loan size for two of the options was also lowered to $500,000 from $1 million. With the changes, the program will now offer more options to a wider set of eligible small and medium-size businesses.
The Board recognizes the critical role that nonprofit organizations play throughout the economy and is evaluating a separate approach to meet their unique needs.
The Main Street Lending Program was established under Section 13(3) of the Federal Reserve Act, with approval of the Treasury Secretary. The Treasury will provide $75 billion for the program using funds from the Coronavirus Aid, Relief, and Economic Security Act. Frequently asked questions and answers for lenders and borrowers are also available. A start date for the program will be announced soon.
https://www.federalreserve.gov/newsevents/pressreleases/monetary20200430a.htm
PAT035A C-560 ne from White Sands/Holloman AFB on ground at Ft. Worth NASJRB
SAM677 G5 sw from Newark Int'l after ground stop- inbound from Peterson AFB
FLASH22 E-4B Nightwatch se from Offutt AFB
>San Diego says, May 1st mandatory face masks OR GO TO JAIL
already enforcing it. Not the jail part yet but most niz won't let you in without one now