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The Dallas Morning News Business Briefs Column.
Knight Ridder/Tribune Business News, October, 2002
The Dallas Morning News Knight Ridder/Tribune Business News
Oct. 31--SOUTHWEST AIRLINES TO SELL $1 BILLION IN DEBT: Dallas-based Southwest Airlines Co. filed Wednesday with the Securities and Exchange Commission to sell up to $1 billion in debt.
The low-cost carrier will use the proceeds from the sales to pay for new aircraft and for general corporate purposes. Some of the proposed securities will be backed by assets owned by the carrier, and others will be unsecured.
Southwest has the highest rating for its unsecured debt of the major carriers. Its shares rose 2 cents to $14.74.
TRANSPORT WORKERS GET OFFER FROM SOUTHWEST: Four years before the current contract expires, Southwest Airlines has offered to extend the pact...
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