Southwest Prices $1.25 Billion in Notes Due in 2029 and 2031
Photo: TokenPost
Southwest Airlines priced $1.25 billion in senior notes Monday, with net proceeds available for general corporate purposes, including the possible repayment of debt due next month. The offering includes $600 million of notes with a 5.75% coupon due Nov. 15, 2029, and $650 million of notes with a 6% coupon due Nov. 15, 2031. Their yields to maturity are 5.772% and 6.067%, respectively. Southwest may use some net proceeds to repay its $300 million of 3% notes due Nov. 15, 2026. Other possible uses include repaying or redeeming debt and corporate obligations.
Source: TokenPost
