Le Lézard
Classified in: Tourism and vacations, Transportation
Subject: OFR

SOUTHWEST AIRLINES ANNOUNCES REDEMPTION OF 4.750% NOTES DUE 2023


DALLAS, Aug. 19, 2022 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") today announced that it will redeem all of its outstanding 4.750% Notes due 2023 (the "Notes"). The aggregate principal amount outstanding of the Notes is $1,234,195,000.  The redemption price for the Notes will be equal to the greater of (i) 100% of the principal amount thereof and (ii) the "make-whole" redemption premium specified in the indenture, as supplemented by the officers' certificates, governing the Notes, plus, in either case, accrued and unpaid interest to the redemption date. The redemption of the Notes is scheduled to occur on August 31, 2022. The Company intends to fund the redemption with cash on hand. On and after the redemption date, the Notes will no longer be deemed outstanding, interest will cease to accrue thereon, and all rights of the holders of the Notes will cease, except for the right to receive the redemption price. 

Computershare Trust Company, N.A., as successor trustee to Wells Fargo Bank, National Association, is the trustee for the Notes and is serving as the paying agent for this transaction. Copies of the Notice of Redemption and additional information relating to the redemption of the Notes may be obtained from Computershare Trust Company, N.A., Attn: Corporate Trust Operations, MAC N9300?070, 600 South Fourth Street, 7th Floor, Minneapolis, MN 55415 or 800 344-5128.

ABOUT SOUTHWEST AIRLINES CO.  
Southwest Airlines Co. operates one of the world's most admired and awarded airlines, offering its one-of-a-kind value and Hospitality at 121 airports across 11 countries. Having celebrated its 50th Anniversary in 2021, Southwest took flight in 1971 to democratize the sky through friendly, reliable, and low-cost air travel and now carries more air travelers flying nonstop within the United States than any other airline1. Based in Dallas and famous for an Employee-first corporate Culture, Southwest maintains an unprecedented record of no involuntary furloughs or layoffs in its history. By empowering its more than 62,0002?People to deliver unparalleled Hospitality, the maverick airline cherishes a passionate loyalty among as many as 130 million Customers carried a year. That formula for success brought industry-leading prosperity and 47 consecutive years3?of profitability for Southwest Shareholders (NYSE: LUV). Southwest leverages a unique legacy and mission to serve communities around the world including harnessing the power of its People and Purpose to put communities at the Heart of its success. Learn more by visiting Southwest.com/citizenship. Southwest is also continuing to develop tangible steps toward achieving carbon neutrality by 2050, including offering Customers an opportunity to help the airline offset its carbon emissions. To be part of the solution, visit Southwest.com/wannaoffsetcarbon.

1) U.S. Dept. of Transportation most recent reporting of domestic originating passengers boarded?? 
2)?Fulltime-equivalent active Employees??? 
3) 1973-2019 annual profitability?? 

 

SOURCE Southwest Airlines Co.


These press releases may also interest you

at 01:49
Friday 30/09/2022 LOTTO MAX estimated jackpot $70 millions LottoMax MAIN Draw 09, 14, 36, 37, 38, 40 & 48 Bonus 26 MAXMILLION: 01, 04, 13, 17, 27, 33 & 3901, 05, 11, 12, 14, 23 & 2601, 06, 24, 27, 30, 33 & 3801, 07, 10, 12, 25, 34 & 4701, 15, 22, 26,...

30 sep 2022
Viking® (www.viking.com) today marked the company's 25th anniversary with a historic celebration in Amsterdam. To commemorate the milestone, for the first time ever, three classes of Viking ships?a river ship, an ocean ship and the company's newest...

30 sep 2022
Allegiant Travel Company today announced a $100,000 donation to the American Red Cross as the nonprofit provides critical disaster relief to communities in the aftermath of Hurricane Ian....

30 sep 2022
Established Lake County Winery, Shannon Family of Wines, is celebrating that this year's estate vineyard harvest will produce the first wines from the brand officially labeled CCOF "Made with Organic Grapes." While these wines won't be available to...

30 sep 2022
Quick Custom Intelligence ("QCI") announced that Score Gaming has been invited to join us in our booth #2046 at G2E where we will be showcasing our QCI Loyalty product and how it can solve problems related to table games ratings....

30 sep 2022
More than 160 beer-related events over nine days. The return of the Great American Beer Festival (GABF) in person. And, the largest Denver Beer Trail yet. It's all part of VISIT DENVER's 14th Annual Denver Beer Week, Sept. 30-Oct. 8....



News published on 19 august 2022 at 16:15 and distributed by: