Northwest Refinances $1.1 Billion

Northwest Airlines filed documents with the U.S. Bankruptcy Court for the Southern District of New York to refinance $1.1 billion in bank debt at more favorable terms. The goal is to provide $250 million in additional liquidity, and the new financing would be convertible to exit financing when it's time for the airline to leave Chapter 11 bankruptcy protection behind.

Read more on:

Suggested Articles:

Grand Bahama Island has already rebounded from Hurricane Dorian, United will add new service and the Jonas Brothers will play a concert. Here's more.G

Called Timeshifter, the app creates personalized plans to help travelers crossing three or more time zones. More here.

Thanksgiving travel is set to hit its highest level since 2005, according to the latest Thanksgiving travel forecast from AAA. Find out more.