{"schema_version":"secwatch.filing_event.v1","accession":"0000092380-26-000098","form_type":"8-K","ticker":"LUV","cik":"0000092380","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2026-08-12T20:06:35+00:00","discovered_at":"2026-08-12T20:08:00.366736+00:00","generated_at":"2026-08-12T20:08:49.689491+00:00","sec_items":["1.01","2.03","1.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Southwest Airlines enters new $2B revolving credit facility, replaces 2016 facility","bullets":["New $2B five-year revolving credit facility signed Aug 10, 2026; maturity Aug 10, 2031, with two optional one-year extensions.","Accordion feature allows increase to $3B subject to incremental commitments; no amounts outstanding at signing.","Replaces prior revolving credit facility dated Aug 3, 2016 (expiry Aug 4, 2028); prior facility terminated.","Interest: Term SOFR + 0.875%-1.625% margin or ABR + 0.000%-0.625%; SOFR floor 1.00%.","Covenants: Collateral Coverage Test (aircraft pool ≥1.25x commitments) and Coverage Ratio 1.25:1 (option to reduce to 0.80:1 for two quarters)."],"urls":{"canonical":"https://secwatch.observer/filing/0000092380-26-000098","json":"https://secwatch.observer/filing/0000092380-26-000098.json","markdown":"https://secwatch.observer/filing/0000092380-26-000098.md","text":"https://secwatch.observer/filing/0000092380-26-000098.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/92380/000009238026000098/0000092380-26-000098-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/92380/000009238026000098/luv-20260810.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-12T20:08:49.689491+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}