SOUTHWEST AIRLINES CO (LUV) Form 424B5 — Oct 28, 2026
Southwest Airlines Co. priced a $1.25 billion two-tranche senior unsecured notes offering: $600 million of 5.750% notes due November 15, 2029 and $650 million of 6.000% notes due November 15, 2031. The notes priced at 99.936% and 99.710% of par respectively, with an eleven-bank syndicate led by Barclays, BNP Paribas, Standard Chartered, U.S. Bancorp, and Wells Fargo.
Key figures
- Debt Amount
- 1250000000
- Interest Rate
- 5.750% (2029 notes); 6.000% (2031 notes)
- Maturity Date
- November 15, 2029 (2029 notes); November 15, 2031 (2031 notes)
- Gross Proceeds
- 1247731000
- Debt Repaid
- $300 million of 3.000% notes due November 15, 2026
- Cash As Adjusted
- $4,861 million
- Offering Expenses
- approximately $3.6 million
- Revolver Capacity
- $2.0 billion
- Notes2029 Principal
- $600,000,000
- Notes2031 Principal
- $650,000,000
- Net Proceeds Estimate
- approximately $1.24 billion
- Total Debt As Adjusted
- approximately $7.12 billion
- Underwriting Discounts
- $3,000,000 (2029) and $3,900,000 (2031)
- Secured Debt Outstanding
- $1.5 billion
AI analysis
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