Southwest Airlines Co. signs new $2 billion revolving credit facility, replacing 2016 facility
On August 10, 2026, Southwest Airlines entered into a new $2 billion five-year revolving credit facility and terminated its prior revolving credit facility dated August 3, 2016, which was set to expire August 4, 2028. No amounts were outstanding under the new facility as of the filing date, and it can be increased to $3 billion if the company obtains incremental commitments. The filing describes the facility as a financing backstop rather than a change in operating results.
Key points
- New $2 billion revolving credit facility dated August 10, 2026, with a maturity date of August 10, 2031
- No amounts outstanding under the new facility as of the filing date; accordion feature could raise it to $3 billion
- Interest at Term SOFR plus a margin of 0.875% to 1.625%, subject to a 1.00% SOFR floor
- Prior 2016 facility terminated as of August 10, 2026; it had been set to expire August 4, 2028
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 12, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.