secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHWEST AIRLINES CO (LUV)
CIK:        0000092380
Form:       8-K
Filed at:   2026-03-12T23:59:59+00:00
Accession:  0001193125-26-102966
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Southwest Airlines enters $500M term loan facility secured by aircraft
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- $500M senior secured term loan drawn in full on March 11, 2026.
- Matures March 11, 2029; prepayable without penalty on 3 business days' notice.
- Interest at Term SOFR + 1.10% or ABR + 0.10%, with floors of 0.00% and 1.00% respectively.
- Secured by aircraft and related assets; includes an uncommitted incremental term loan feature up to $500M.
- Existing revolving credit facility unaffected.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92380/000119312526102966/0001193125-26-102966-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92380/000119312526102966/d108115d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-102966

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