Southwest Airlines elects cash settlement for 1.250% convertible notes due 2025

SOUTHWEST AIRLINES CO

Default settlement method changed to Cash Settlement for 1.250% convertible senior notes due 2025.
Change effective for all conversions on or after January 27, 2025.
Cash settlement reduces potential dilution to common shares but requires cash outlay.
Notes carry CUSIP 844741BG2; maturity in 2025.

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