Securities:
|
Pass Through Certificates, Series 2010-1B (the Class B Certificates) | |
Amount:
|
$100,447,000 | |
Preliminary Prospectus Supplement:
|
Delta has prepared and filed with the SEC a Preliminary Prospectus Supplement, dated February 7, 2011 (the Preliminary Prospectus Supplement), which includes additional information regarding the Class B Certificates. Terms used but not defined herein shall have the meanings set forth in the Preliminary Prospectus Supplement. | |
Ratings:
|
It is a condition to the issuance of the Class B Certificates that they be rated by Moodys and Standard & Poors at not less than the ratings set forth in the table below: | |
Moodys:
|
Ba3 | |
Standard & Poors:
|
BB+ | |
The issuance of the Class B Certificates is also subject to receipt of written confirmation from Moodys and Standard & Poors that the issuance of the Class B Certificates would not result in a reduction, withdrawal or suspension of the ratings of the Class A Certificates. | ||
Public Offering Price:
|
100% | |
CUSIP:
|
24781P AA7 | |
ISIN:
|
US24781PAA75 | |
Coupon/Stated Interest Rate:
|
6.375% | |
Make-Whole Spread over Treasuries:
|
0.50% | |
Class B Liquidity Provider Rating:
|
The Class B Liquidity Provider currently meets the Liquidity Threshold Rating requirement. The Class B Liquidity Provider has Short-Term Ratings of P-1 from Moodys and A-1 from Standard & Poors. |
Available Amount under the Class B Liquidity
Facility at July 2, 20111:
|
$9,605,244 | |
Initial Maximum Commitment under the Class B Liquidity
Facility:
|
$9,605,244 | |
Underwriters Purchase Commitments: |
||
Goldman, Sachs & Co.:
|
$33,482,334 | |
Deutsche Bank Securities Inc.:
|
$33,482,333 | |
Morgan Stanley & Co. Incorporated:
|
$33,482,333 | |
Underwriting Commission:
|
$1,130,029 | |
Concession to Selling Group Members:
|
0.50% | |
Discount to Broker/Dealers:
|
0.25% | |
Transfer Restrictions for
Class B Certificates:
|
The Class B Certificates will be subject to transfer restrictions. They may be sold only to qualified institutional buyers, as defined in Rule 144A under the Securities Act of 1933 (as amended), for so long as they are outstanding. | |
Underwriting Agreement:
|
February 7, 2011 | |
Settlement:
|
February 14, 2011 (T+5) closing date, the 5th business day following the date hereof. |
1 | The first Regular Distribution Date after the Class B Issuance Date. |
2