Hawaiian Airlines, as planned, emerged from bankruptcy yesterday after more than two years in Chapter 11 protection. The company said exit financing includes a $60 million bridge financing in the form of a newly issued series of its subordinated convertible notes that will be purchased by RC Aviation pursuant to an August 2004 backstop financing commitment. Hawaiian said it currently intends to pre-pay the notes out of the proceeds of a rights offering available to all holders of its ...

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