Northwest Airlines closed a $500 million secured revolving credit facility led by U.S. Bank with Citigroup and Morgan Stanley as co-lead arrangers and joint book runners. Financing comprises a three-year, $200 million secured revolving credit facility priced at LIBOR plus 4.5% with a final maturity on Oct. 28, 2011, and a 364-day, $300 million secured revolving credit facility with a final maturity on Oct. 28, 2009, bearing interest at LIBOR plus 3.5%.
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