Southwest Airlines Co. entered into a new five-year revolving credit facility agreement for $2 billion, effective August 10, 2026. This new agreement replaces and terminates the company's previous credit facility dated August 3, 2016. The facility provides financial flexibility for general corporate purposes.
Key Details
- Agreement Size: The new revolving credit facility provides for up to $2 billion in borrowings and matures on August 10, 2031.
- Expansion Feature: The agreement includes an uncommitted accordion feature that allows Southwest to request an increase in the total facility size to $3 billion, subject to lender commitments.
- Facility Replacement: The new credit agreement replaces a prior facility from 2016, which was scheduled to expire on August 4, 2028.
- Current Status: As of the filing date, there were no amounts outstanding under the new Revolving Credit Agreement.