Southwest Airlines(US:LUV) Prnewswireยท2025-10-27 21:53Core Viewpoint - Southwest Airlines Co. has announced a public offering of $1.5 billion in senior notes, which includes two tranches: $750 million of 4.375% Notes due 2028 and $750 million of 5.250% Notes due 2035 [1][2]. Group 1: Offering Details - The offering consists of $1,500,000,000 aggregate principal amount of senior notes [1]. - The notes are divided into two categories: 4.375% Notes due 2028 and 5.250% Notes due 2035, each amounting to $750,000,000 [1]. - The expected closing date for the offering is around November 3, 2025, pending customary closing conditions [2]. Group 2: Use of Proceeds - The net proceeds from the offering are intended for general corporate purposes, which may include repayment or redemption of existing indebtedness or other corporate obligations [2]. Group 3: Underwriters - The joint book-running managers for the offering include BofA Securities, Citigroup Global Markets, Goldman Sachs, J.P. Morgan Securities, and Morgan Stanley [3]. - Comerica Securities is acting as a co-manager for the offering [3]. Group 4: Company Overview - Southwest Airlines Co. operates as a major passenger airline, providing scheduled air transportation within the United States and near-international markets [5]. - As of September 30, 2025, the company has a fleet of 802 Boeing 737 aircraft and serves 117 destinations [5].