secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHWEST AIRLINES CO (LUV)
CIK:        0000092380
Form:       8-K
Filed at:   2026-05-19T20:30:55+00:00
Accession:  0001193125-26-230895
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92380/000119312526230895/0001193125-26-230895-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92380/000119312526230895/d117563d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-230895

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