{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-230895","form_type":"8-K","ticker":"LUV","cik":"0000092380","company_name":"SOUTHWEST AIRLINES CO","filed_at":"2026-05-19T20:30:55+00:00","discovered_at":"2026-05-19T20:32:02.405822+00:00","generated_at":"2026-05-19T20:56:08.125683+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Southwest Airlines increases term loan facility by $1.0B to $1.5B total outstanding","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-230895","json":"https://secwatch.observer/filing/0001193125-26-230895.json","markdown":"https://secwatch.observer/filing/0001193125-26-230895.md","text":"https://secwatch.observer/filing/0001193125-26-230895.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/92380/000119312526230895/0001193125-26-230895-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/92380/000119312526230895/d117563d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T20:56:08.125683+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":[{"claim_id":"6362e64d6962188e9d1a40e3df0b0ba3602e4b93","claim":"SOUTHWEST AIRLINES CO incurred term loan of $1.0 billion with BNP Paribas at same interest rates described in the Original Credit Agreement maturing March 11, 2029.","evidence_excerpt":"provides for the extension of additional credit to the Company in the form of incremental term loans in an aggregate principal amount equal to $1.0 billion","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/92380/000119312526230895/0001193125-26-230895-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$1.0 billion"},{"label":"Counterparty","value":"BNP Paribas"},{"label":"Rate","value":"same interest rates described in the Original Credit Agreement"},{"label":"Maturity","value":"March 11, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}