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AIRLINES

From Times Staff and Wire Reports

Northwest Airlines to Offer Stock to Public: The carrier, which was taken private in a 1989 leveraged buyout, is expected to make an offering that, combined with new debt securities, could raise up to $1 billion. Northwest plans to file an initial public offering in December and hopes to raise $300 million to $500 million of equity, along with a similar amount through a debt offering--both to refinance and pay off bank loans, a banker familiar with the Minneapolis carrier said.


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