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:

Viking.TV is a digital platform designed to provide cultural content and livestreaming video experiences from around the world. Learn more here.

Passenger traffic has decreased 35.8 percent in Mexico, 35.9 percent in Puerto Rico and 36.2 percent in Colombia, reflecting the impact of COVID-19.

Both ships arrived at the boundary of U.S. waters this morning and will remain outside U.S. waters while awaiting clearance to enter. Read more.