SOUTHWEST AIRLINES ANNOUNCES PRICING OF NOTES
Key Highlights
- ➤Southwest prices $1.25 billion of senior notes due 2029 and 2031
- ➤$600 million 2029 notes carry 5.750% interest
- ➤$650 million 2031 notes carry 6.000% interest
- ➤Proceeds may repay $300 million of 3.000% notes due November 15, 2026
- ➤Offering expected to close on or about November 2, 2026
DALLAS, Oct. 26, 2026 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") today announced that it has priced an underwritten public offering of $1,250,000,000 aggregate principal amount of its senior notes, consisting of $600,000,000 aggregate principal amount of 5.750% Notes due 2029 (the "2029 Notes") and $650,000,000 aggregate principal amount of 6.000% Notes due 2031 (the "2031 Notes" and, collectively with the 2029 Notes, the "Notes").
The Company expects to use the net proceeds from the offering for general corporate purposes, which may include, but are not limited to, the repayment at maturity of all of the Company's outstanding $300 million aggregate principal amount of 3.000% notes due November 15, 2026, as well as the repayment or redemption of other indebtedness or other corporate obligations. The offering is expected to close on or about November 2, 2026, subject to customary closing conditions.
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