Southwest Airlines Announces Redemption Of 4.750% Notes Due 2023
Source: Southwest Airlines Southwest Airlines Co. (the "Company") 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 [...]