SOUTHWEST AIRLINES CO 8K

Southwest Airlines Co. established a new $2.0 billion syndicated revolving credit facility dated August 10, 2026, to provide ongoing liquidity and letter of credit capacity under specified covenants tied to aircraft collateral and its credit ratings.

Southwest Airlines Co. entered into a new $2,000,000,000 revolving credit facility agreement dated as of August 10, 2026, with a syndicate of banks led by JPMorgan Chase Bank, N.A. and Citibank, N.A. as co‑administrative agents, providing committed revolving borrowings and letters of credit through a syndicated structure with defined covenants, collateral coverage tests based on appraised aircraft and related pool assets, and interest and fee terms that vary with the company’s index debt ratings. The facility sets out detailed conditions to borrowing, representations, covenants (including maintenance of a coverage ratio, reporting, and lien restrictions), events of default and remedies, and mechanics for future commitment increases and maturity extensions, thereby securing significant committed liquidity for Southwest’s ongoing financing and general corporate purposes.

Filing Facts

CIK

92380

Ticker

LUV

Form

8K

Source Type

sec

Accession

0000092380-26-000098

Alert Tier

7