---
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"
generated_at: "2026-08-12T20:08:49.689491+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Southwest Airlines enters new $2B revolving credit facility, replaces 2016 facility

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 1.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000092380-26-000098
- JSON: https://secwatch.observer/filing/0000092380-26-000098.json
- Plain text: https://secwatch.observer/filing/0000092380-26-000098.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.