Northwest Airlines received approval yesterday from a US Bankruptcy Court for $1.38 billion in debt refinancing that the carrier said will save it money on interest payments and increase its liquidity. The bankrupt company was allowed to refinance an existing $1.125 billion loan, which reportedly will save it $34 million annually in interest payments and an additional $900 million in debt repayment through 2010, as well as secure a new loan from Citigroup for $250 million to increase its ...

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