---
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"
generated_at: "2026-05-19T20:56:08.125683+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-230895
- JSON: https://secwatch.observer/filing/0001193125-26-230895.json
- Plain text: https://secwatch.observer/filing/0001193125-26-230895.txt

## Key facts
- Debt Financings
  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.
  - Instrument: term loan
  - Principal: $1.0 billion
  - Counterparty: BNP Paribas
  - Rate: same interest rates described in the Original Credit Agreement
  - Maturity: March 11, 2029
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/92380/000119312526230895/0001193125-26-230895-index.htm

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