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Northwest Airlines Corporation rices $225 million Of Convertible Senior Notes.

Publication: M2 Presswire
Publication Date: 31-OCT-03
Format: Online - approximately 653 words
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-31 October 2003-NORTHWEST AIRLINES: Northwest Airlines Corporation rices $225 million Of Convertible Senior Notes(C)1994-2003 M2 COMMUNICATIONS LTD

RDATE:10302003

ST. PAUL, MINN. - Northwest Airlines Corporation (NASDAQ: NWAC) today announced the pricing of its offering of $225 million original principal amount of Convertible Senior Notes due 2023, to qualified institutional buyers pursuant to Rule 144A, and non-U.S. persons pursuant to Regulation S, under the Securities Act of 1933. The sale of the notes is expected to close on November 4, 2003.

Interest on the notes will be 7.625% per $1,000 original principal amount and will be payable...

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