8-KItem 1.01 · Material AgreementItem 2.03 · Financial Obligation
Southwest ($LUV) closed a $500M senior secured term loan with BNP Paribas on Mar 11, 2026 — drawn in full;…
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Southwest ($LUV) closed a $500M senior secured term loan with BNP Paribas on Mar 11, 2026 — drawn in full; matures Mar 11, 2029. Prepayment allowed any time with ≥3 business days' notice, no penalty. ✈️💰 #Southwest #Debt #Aviation
Interest: loans bear Term SOFR +1.10% (SOFR floor 0.00%) or Alternate Base Rate +0.10% (floor 1.00%). $500M currently outstanding. 📈 $LUV #Credit #Rates
Facility secured by a pool of aircraft & related assets with a minimum collateral coverage ratio; company may replace/release assets if ratio satisfied. Uncommitted incremental capacity up to $500M; revolver unchanged. 🔒✈️ $LUV #AircraftFinance #CapitalStructure