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Article: Northwest Airlines Corporation prices $150 million of Convertible Senior Notes.
- Article from:
- M2 Presswire
- Article date:
- May 16, 2003
CopyrightCOPYRIGHT 2003 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-16 May 2003-NORTHWEST AIRLINES: Northwest Airlines Corporation prices $150 million of Convertible Senior Notes(C)1994-2003 M2 COMMUNICATIONS LTD
RDATE:05152003
ST. PAUL, MINN. -- Northwest Airlines Corporation (NASDAQ: NWAC) today announced the pricing of its offering of $150 million original principal amount of Convertible Senior Notes due 2023, to qualified institutional buyers pursuant to Rule 144A, and non-U.S. person pursuant to Regulation S, under the Securities Act of 1933. The sale of the notes is expected to close on May 20, 2003.
Interest on the notes will be 6.625% per $1,000 original principal amount and will be payable ...