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What is the status of CK Opportunities Fund?

Certares Management LLC and Knighthead Capital Management announced the closing of CK Opportunities Fund at approximately $1.5 billion in total commitments. Certares is a leading investment specialist dedicated to the travel, tourism and hospitality sectors, while Knighthead is a leading credit investment management firm.

Will CK opportunities provide additional term loans under the facility?

An additional $150 million term loan will be provided under the facility by CK Opportunities. Furthermore, to date other investors have agreed in principle to join Delta and CK Opportunities to provide $50 million in term loans under the facility.

What is the Certares & knighthead co-managed fund?

The Fund is the first co-managed fund for Certares and Knighthead, and it represents a powerful partnership between the two firms to capitalize on opportunities that have emerged due to the COVID-19 pandemic.

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