Southwest Airlines Prices $1.25B Senior Notes Offering
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DALLAS – October 27, 2026 -- Southwest Airlines Co. (NYSE: LUV) priced an underwritten public offering of $1.25 billion in senior notes, split across two fixed-rate tranches maturing in 2029 and 2031.
Southwest splits the offering into $600 million at 5.750% and $650 million at 6.000%
The 2029 Notes total $600 million and carry a 5.750% rate. The 2031 Notes total $650 million and carry a 6.000% rate. The offering is expected to close on or about November 2, 2026, subject to customary closing conditions.
Proceeds may repay $300 million of 3.000% notes due November 15, 2026
Southwest plans to use net proceeds for general corporate purposes. These may include repaying at maturity all of its outstanding $300 million aggregate principal amount of 3.000% notes due November 15, 2026. Proceeds may also fund the repayment or redemption of other indebtedness or corporate obligations.