Airline

Norwegian proposes $1.2 billion debt for equity swap 

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Norwegian proposes $1.2 billion debt for equity swap 

Ailing Nordic carrier Norwegian is negotiating a $1.2 billion debt-for-equity swap with its bondholders as it looks to meet requirements to access the state aid package. Norwegian is looking to covert 60 percent debt to equity in respect to bond issuances NAS07 and NAS08, and 85 percent debt to equ...

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