Southwest Airlines increases term loan facility by $1.0B to $1.5B total outstanding

SOUTHWEST AIRLINES CO

Entered Increase Joinder adding $1.0B incremental term loans; total term loan outstanding now $1.5B.
Uncommitted incremental feature amended to allow up to $1.0B in additional commitments after this increase.
All term loans mature March 11, 2029; prepayment allowed without penalty on three business days' notice.
Loans secured by aircraft and related assets; minimum collateral coverage ratio must be maintained.
Existing $500M revolving credit facility was not amended in connection with this transaction.

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