Northwest Looks To Finalize $1.4B DIP Loan
Funding for the loan would come from Citigroup Inc. and other lenders, and includes about $250 million in net liquidity.
The money would also pay off up to $1.125 billion in pre-bankruptcy loans. The airline, for example, owes $650 million to U.S. Bank and $370 million to the Pension Benefit Guaranty Corp.
“The credit provided under the...
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